LXME Secures $1.2 Million Seed Funding to Empower Women Financially

Preeti Bali / 10:33 am / June 26, 2024

LXME, a financial technology platform focused on women’s needs, has successfully raised $1.2 million in its initial funding round. The seed round was led by Kalaari Capital’s CXXO initiative, which specifically supports ventures led by female entrepreneurs. This initiative highlights Kalaari Capital’s commitment to fostering female leadership in the business world.

Investment Fuels Growth and User Experience

The recently procured assets will be decisively dispensed by LXME. A piece will be coordinated towards brand building and client procurement endeavors across India. This will include extending LXME’s compass and drawing in a more extensive crowd of ladies looking for monetary strengthening. Furthermore, the financing will be utilized to upgrade LXME’s mechanical framework and item contributions. This speculation is pointed toward further developing the client experience and cultivating more prominent commitment among the stage’s current client base.

Tailored Financial Solutions and Community Support

Established by Priti Rathi Gupta and Ridhi Kanoria Doongursee, LXME caters explicitly to the monetary necessities of ladies. The stage offers an exhaustive set-up of administrations including common assets, credits, prepaid shopping cards, and monetary instruction assets. This all encompassing methodology enables ladies to pursue informed monetary choices. LXME goes past monetary items by cultivating a steady local area of similar ladies. This people group gives a stage to ladies to interface, share encounters, and gain from one another’s monetary excursions.

LXME flaunts a flourishing local area surpassing 400,000 ladies across different channels, featuring the stage’s huge effect.

Kalaari Capital Bolsters Commitment to Female Leadership

In a separate development, Priyanka Gill, a founding member of Kalaari Capital’s CXXO initiative, recently transitioned from her active role at The Good Glamm Group. She has joined Kalaari Capital as a venture partner, demonstrating the firm’s dedication to supporting female leadership within the venture capital space.


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