LXME, a fintech platform for women, has raised $1.2 million in its seed round led by Kalaari Capital through its CXXO initiative, which invests in ventures led by women entrepreneurs.
The round also saw participation from notable investors like Yash Kela of Founders Collective Fund, Amaya Ventures, the family office of Amit Khanna, Capri Holdings, Aditi Kothari of DSP, Adiko Holdings, and others.
With the current fundraise, LXME will invest in brand building and user acquisition efforts across India. It will also invest in its technology and product stack to enhance user experience and engagement.
Founded by Priti Rathi Gupta and Ridhi Kanoria Doongursee, LXME helps women make better financial decisions by offering tailored products such as mutual funds, loans, prepaid shopping cards, financial education, and access to a community of like-minded peers.
LXME claims to have a community of over 400k women across various channels.
Priyanka Gill, who is the founding board member of Kalaari’s CXXO initiative, recently stepped away from the active role at The Good Glamm Group to join early stage venture capital firm Kalaari Capital as a venture partner.
