Funding Alert
EximPe raises $3.5 Mn in funding led by Leo capital.
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ByStartupStory | April 12, 2022
EximPe, a business-to-business (B2B) fintech platform, has raised $3.5 million in a seed round headed by Leo Capital, an early-stage venture capital firm. RB investments, Founder Bank Capital, iSeed Ventures, 2 am VC, LetsVenture, and BoldCap, all based in Singapore, also took part in the capital round.
Kunal Shah, creator of Cred; Rajesh Raju, managing director of Kalaari Capital; Aprameya Radhakrishna, co-founder of Koo; and Ankit Nagori, founder of Curefoods, were among the notable angel investors that participated in the round. The fintech startup announced on Monday that it will use the fund to hire more employees and improve its services.
EximPe was founded in June 2021 by Arjun Abraham Zacharia with the goal of facilitating cross-border trade by digitizing workflows and providing financial services in collaboration with some Indian institutions. EximPe intends to reach a TPV (Total Payment Volume) run rate of $100 million before the end of the year.
Exporters of MSME (micro, small, and medium enterprises) face lengthy payment cycles. In India, export finance, often known as cross-border finance, is still in its infancy. Export finance services and products are provided by banks such as Exim Bank and Bank of India. EximPe competes with Drip Capital, Salt, Wallex, Indo Docs, Mundi, and TerraPay, among others.
EximPe is currently functioning along the India-China, India-Gulf Cooperation Council, and India-Asean trade channels. It is collaborating with a number of SMEs to help them expand their export and import volumes by providing a digital platform.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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