M1xchange
M1xchange is described in the supplied evidence as a receivables financing platform.
Last updated September 11, 2026
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Overview
The supplied evidence identifies M1xchange only as a receivables financing platform. No further verified details are available in the evidence.
Recent events
IndiaMART completes investment in M1xchange[1]
Reported:
IndiaMART Intermesh acquired a stake in M1xchange for Rs 32.4 crore. The deal provided a partial exit to SIDBI Venture Capital.
M1xchange receives $4.5 million investment[2]
BEENEXT Asia and Mayfield jointly invested $4.5 million in M1xchange in its current equity round. M1xchange said it would use the funds to expand its network across India and develop its supply-chain finance business.
Sources2 sources
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