VC Fund Investments
Trade discounting platform M1xchange attracts $10-M from Filter Capital via secondary deal
Gurugram-based M1xchange has raised INR 84 crore (USD 10 million) from Filter Capital through a secondary transaction to support its digital supply chain finance operations targeting micro, small, and medium enterprises (MSMEs).Founded by Sundeep Mohindru and Vivek Misra, M1xchange operates as a Trade Receivables Discounting System (TReDS) platform, facilitating invoice financing of approximately INR 10,000 crore (USD 1.2 billion) monthly for MSMEs, corporates, and financiers.
Between Mar 2015 and Mar 2025, M1xchange had attracted about USD 42 M from SIDBI VC, Beenext, Mayfield, and Amazon.
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