About LXME
LXME is a company based in Mumbai (India) founded in 2021 by Priti Rathi Gupta and Ridhi Kanoria Doongursee. LXME has raised $1.2 million across 1 funding round from investors including DSP Mutual Fund, Capri Holdings and Kalaari Capital. The company has 31 employees as of April 09, 2024. LXME operates in a competitive market with competitors including Mahila Money and Shepays, among others.
- Headquarter Mumbai, India
- Employees 31 as on 09 Apr, 2024
- Founders Priti Rathi Gupta, Ridhi Kanoria Doongursee
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Lxme Money Private Limited
- Date of Incorporation 07 Dec, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$11.37 K (USD)-82.95as on Mar 31, 2023
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Net Profit
-$370.24 K (USD)-94.72as on Mar 31, 2023
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EBITDA
-$367.06 K (USD)-43.16as on Mar 31, 2023
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Total Equity Funding
$1.2 M (USD)
in 1 rounds
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Latest Funding Round
$1.2 M (USD), Seed
Jun 25, 2024
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Investors
DSP Mutual Fund
& 14 more
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Employee Count
31
as on Apr 09, 2024
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Funding Insights of LXME
LXME has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in LXME
LXME has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include DSP Mutual Fund, Capri Holdings and Kalaari Capital.
| Investor | Description | Founded Year | Domain | Location |
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Investments in early-stage technology companies are made by Kalaari Capital.
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Single family office and private equity firm focused on multiple sectors
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Venture capital firm focused on tech sectors
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Investor details for LXME
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Investments & Acquisitions by LXME
Investment portfolio details for LXME
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Financial Statements - LXME
Detailed financials for LXME
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Lxme Comparisons
Peer comparison for LXME
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Competitors of LXME
LXME operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mahila Money and Shepays, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of an online platform offering diversified business loans for women
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Provider of financial, insurance, and pension planning services for women
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Detailed competitors of LXME
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Latest news on Lxme
Complete news archive for LXME
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Frequently Asked Questions about LXME
LXME was founded in 2021 and raised its 1st funding round 3 years after it was founded.
LXME is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
LXME is a funded company, having raised a total of $1.2M across 1 funding round to date.
As of Apr 09, 2024, the latest employee count at LXME is 31.
Annual revenue of LXME is $11.37K as on Mar 31, 2023.
LXME was founded in 2021 in Mumbai, India, as an internet-first bank targeting womens financial needs. Retail banking services are provided through a digital platform, including personal finance management, mutual fund investments, spending tracking, insurance options, and calculation tools for home loan EMI, compound interest, simple interest, inflation, and SIP returns. Operations focus on accessible fintech solutions in the Indian market.
LXME's top competitors include Mahila Money and Shepays.
LXME has 15 investors. Key investors include DSP Mutual Fund, Capri Holdings, Kalaari Capital, Amaya Ventures, and Yash Kela.