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
*********
- 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.2M
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First Round
First Round
(25 Jun 2024)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - LXME | Valuation | Kalaari Capital , DSP Mutual Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location | |
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Single family office and private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LXME
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LXME
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lxme Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of an online platform offering diversified business loans for women
|
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| domain | founded_year | HQ Location |
Provider of financial, insurance, and pension planning services for women
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lxme
Frequently Asked Questions about LXME
When was LXME founded?
LXME was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Where is LXME located?
LXME is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is LXME a funded company?
LXME is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Jun 25, 2024.
How many employees does LXME have?
As of Apr 09, 2024, the latest employee count at LXME is 31.
What is the annual revenue of LXME?
Annual revenue of LXME is $11.37K as on Mar 31, 2023.
What does LXME do?
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.
Who are the top competitors of LXME?
LXME's top competitors include Mahila Money and Shepays.
Who are LXME's investors?
LXME has 15 investors. Key investors include DSP Mutual Fund, Capri Holdings, Kalaari Capital, Amaya Ventures, and Yash Kela.