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M1xchange
company
About
M1 an online exchange for TReDS set up under the approval RBI to facilitate discounting of invoices on a PAN India basis.
- 51 - 100
Details
- Last Funding Type
- Secondary Market
- Last Funding Money Raised
- ₹380M
- Industries
- Finance,Financial Exchanges,Financial Services,FinTech
- Founded date
- Apr 1, 2017
- Number Of Employee
- 51 - 100
- Operating Status
- Active
M1’s Trade Receivables Discounting System “TReDS” is an online exchange being set up under the approval of Reserve Bank of India (RBI) to facilitate discounting of invoices and Bills of exchange on a PAN India basis. Mynd Online National Exchange has been launched in April 2017, to set-up and operate TReDS under the Payment and Settlement System (PSS) Act 2007.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
3
₹704M $10M
M1xchange has raised a total of
₹704M $10M
in funding over 2 rounds. Their latest funding was raised on
Nov 15, 2022 from a Secondary Market round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Nov 15, 2022 | Secondary Market | ₹380M | 1 |
IndiaMART
|
— | Detail |
| Nov 29, 2021 | Secondary Market | ₹324M | 1 |
IndiaMART
|
— | Detail |
| Apr 15, 2021 | Series Unknown | $10M | 1 |
Amazon
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
3
2
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
IndiaMART
|
Yes | Secondary Market |
|
Amazon
|
Yes | Series Unknown |
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