LXME, a pioneering fintech platform dedicated to empowering women financially, has successfully raised $1.2 million in its seed funding round. This milestone funding round was spearheaded by Kalaari Capital through its CXXO initiative, which focuses on backing women-led enterprises.
This strategic investment round also attracted contributions from several notable investors, including Yash Kela of Founders Collective Fund, Amaya Ventures, the family office of Amit Khanna, Capri Holdings, Aditi Kothari of DSP, Adiko Holdings, among others.
With the infusion of new capital, LXME aims to bolster its brand presence and amplify user acquisition efforts across India. Additionally, a significant portion of the funds will be allocated to enhancing the platform’s technology and product offerings, aiming to deliver an enriched user experience and heightened engagement.
Co-founded by Priti Rathi Gupta and Ridhi Kanoria Doongursee, LXME is committed to helping women make informed financial decisions. The platform offers a variety of tailored financial products including mutual funds, loans, prepaid shopping cards, and comprehensive financial education. Moreover, it provides access to a supportive community of like-minded women, fostering a space for shared financial learning and growth.
Currently, LXME boasts a vibrant community of over 400,000 women across its various channels, highlighting its growing influence and reach.
In a related development, Priyanka Gill, a founding board member of Kalaari’s CXXO initiative, has transitioned from her active role at The Good Glamm Group to join Kalaari Capital as a venture partner, further strengthening the firm’s commitment to nurturing early-stage ventures.
LXME’s latest funding round marks a significant step forward in its mission to empower women financially and underscores the growing recognition of the importance of supporting women-led fintech initiatives.
