Xponents raises $1.56M in seed funding
Xponents recently raised $1.56 million in seed funding from a UAE-based venture capitalist. The company plans to use the capital raised to launch an AI-based platform aiming to create synergy between startups and family-owned businesses.
Xponents co-founder Sarth Jain stated, “India is the largest family-managed business ecosystem and third largest startup ecosystem in the world, and they don’t speak the same language. We are building an ecosystem via a platform to enable all the stakeholders like family-managed businesses, startup founders, investors, and mentors to synergize and grow exponentially.”
Founded by Sarth, Deepak Nagpal, and Ratish Pandey in 2021, Xponents was created with the aim of enabling family-owned buisness to contribute to the growing startup ecosystem of the country- thus enabling growth in both realms.
“I strongly believe startups and founders are a great force in fueling India’s growth story; and family business owners have an excellent understanding of the market-dynamics, real-world problems, and opportunities,” said co-founder Deepak Nagpal.
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