Family businesses platform Xponents raises $1.6 M

Gurugram-based Xponents, which runs a platform that supports family businesses and startups, has raised USD 1.56 million in seed funding from a UAE-based investor. It will use the funds to enhance its upcoming AI-based platform that seeks to create synergy between the FMB (family-managed businesses) ecosystem across multiple industries. With access to more than 4,000 business families, Xponents plans to create landing pads for global startups and take Indian companies to global markets, through FMBs. The company was founded by Sarth Jain, Deepak Nagpal and Ratish Pandey.