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Business Standard
14 hours ago
- Business
- Business Standard
TReDS platform M1xchage eyes IPO in 3-5 years, aims ₹1.25 trn biz in FY25
M1xchage, a leading RBI-licensed Trade Receivables Discounting System (TReDS) platform, which is witnessing an 80-90 per cent annual growth in business, is planning to go public in the next 3-5 years. "Although the company has been profitable for the last two years, the initial public offering (IPO) is still a few years away. We would look at an IPO in 3-5 years, depending on market conditions," M1xchange Chief Executive Officer Sundeep Mohindru told PTI. M1xchage, which started operations in 2017, is aiming to close the financial year with a business of Rs 1.25 trillion. Factoring as a business is picking up very well as it is win-win for the banks, buyers and sellers, he said, adding that the business has been witnessing a growth of 80-90 per cent on an annual basis. During the current financial year, he said the business is expected to reach Rs 1.25 trillion. Last year, the volume was to the tune of Rs 78,000 crore as compared to Rs 43,000 crore in FY24. The platform is facilitating invoice financing of nearly Rs 10,000 crore each month, enabling MSMEs with faster access to working capital and driving adoption across corporates, vendors, and financial institutions. India's supply chain finance sector is witnessing accelerated growth, driven by the need for faster-working capital access for MSMEs and digital transformation across industries. With the Reserve Bank of India's (RBI's) TReDS framework, digital platforms are increasingly becoming the backbone of MSME financing, he said. The platform facilitates discounting of invoices and bills of exchange, or trade receivables of micro, small and medium enterprises from corporate and other buyers, through multiple financiers such as banks and non-bank entities. Factoring or invoice discounting refers to transfer in ownership or financing of accounts by a third party or factor at a discount for commission and fees, wherein the factor makes a profit upon the settlement of the debt. About funding for business growth, Mohindru said the company is well capitalised at the moment to drive exponential growth. Recently, growth-stage investment firm Filter Capital invested about $10 million (Rs 85 crore) in trade receivables discounting system platform M1xchange. Prior to this, Jindal Stainless, leading stainless steel manufacturer, along with its wholly owned subsidiary, Jindal Stainless Steelway Ltd, acquired a 9.62 per cent stake in M1xchange. This deal involved a combination of primary capital and a secondary purchase of shares from existing shareholders. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
14 hours ago
- Business
- Economic Times
TReDS platform M1xchage plans IPO in 3-5 years
M1xchage, a leading RBI-licensed Trade Receivables Discounting System (TReDS) platform, which is witnessing an 80-90 per cent annual growth in business, is planning to go public in the next 3-5 years. ADVERTISEMENT "Although the company has been profitable for the last two years, the initial public offering (IPO) is still a few years away. We would look at an IPO in 3-5 years, depending on market conditions," M1xchange Chief Executive Officer Sundeep Mohindru told PTI. M1xchage, which started operations in 2017, is aiming to close the financial year with a business of Rs 1.25 lakh crore. Factoring as a business is picking up very well as it is win-win for the banks, buyers and sellers, he said, adding that the business has been witnessing a growth of 80-90 per cent on an annual basis. During the current financial year, he said the business is expected to reach Rs 1.25 lakh crore. Last year, the volume was to the tune of Rs 78,000 crore as compared to Rs 43,000 crore in FY24. The platform is facilitating invoice financing of nearly Rs 10,000 crore each month, enabling MSMEs with faster access to working capital and driving adoption across corporates, vendors, and financial institutions. ADVERTISEMENT India's supply chain finance sector is witnessing accelerated growth, driven by the need for faster-working capital access for MSMEs and digital transformation across industries. With the Reserve Bank of India's (RBI's) TReDS framework, digital platforms are increasingly becoming the backbone of MSME financing, he said. ADVERTISEMENT The platform facilitates discounting of invoices and bills of exchange, or trade receivables of micro, small and medium enterprises from corporate and other buyers, through multiple financiers such as banks and non-bank entities. Factoring or invoice discounting refers to transfer in ownership or financing of accounts by a third party or factor at a discount for commission and fees, wherein the factor makes a profit upon the settlement of the debt. ADVERTISEMENT About funding for business growth, Mohindru said the company is well capitalised at the moment to drive exponential growth. Recently, growth-stage investment firm Filter Capital invested about USD 10 million (Rs 85 crore) in trade receivables discounting system platform M1xchange. ADVERTISEMENT Prior to this, Jindal Stainless, leading stainless steel manufacturer, along with its wholly owned subsidiary, Jindal Stainless Steelway Ltd, acquired a 9.62 per cent stake in M1xchange. This deal involved a combination of primary capital and a secondary purchase of shares from existing shareholders. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
14 hours ago
- Business
- Time of India
TReDS platform M1xchage plans IPO in 3-5 years
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel M1xchage, a leading RBI-licensed Trade Receivables Discounting System (TReDS) platform, which is witnessing an 80-90 per cent annual growth in business, is planning to go public in the next 3-5 years."Although the company has been profitable for the last two years, the initial public offering (IPO) is still a few years away. We would look at an IPO in 3-5 years, depending on market conditions," M1xchange Chief Executive Officer Sundeep Mohindru told PTI.M1xchage, which started operations in 2017, is aiming to close the financial year with a business of Rs 1.25 lakh as a business is picking up very well as it is win-win for the banks, buyers and sellers, he said, adding that the business has been witnessing a growth of 80-90 per cent on an annual the current financial year, he said the business is expected to reach Rs 1.25 lakh crore. Last year, the volume was to the tune of Rs 78,000 crore as compared to Rs 43,000 crore in platform is facilitating invoice financing of nearly Rs 10,000 crore each month, enabling MSMEs with faster access to working capital and driving adoption across corporates, vendors, and financial supply chain finance sector is witnessing accelerated growth, driven by the need for faster-working capital access for MSMEs and digital transformation across the Reserve Bank of India's (RBI's) TReDS framework, digital platforms are increasingly becoming the backbone of MSME financing, he platform facilitates discounting of invoices and bills of exchange, or trade receivables of micro, small and medium enterprises from corporate and other buyers, through multiple financiers such as banks and non-bank or invoice discounting refers to transfer in ownership or financing of accounts by a third party or factor at a discount for commission and fees, wherein the factor makes a profit upon the settlement of the funding for business growth, Mohindru said the company is well capitalised at the moment to drive exponential growth-stage investment firm Filter Capital invested about USD 10 million (Rs 85 crore) in trade receivables discounting system platform to this, Jindal Stainless, leading stainless steel manufacturer, along with its wholly owned subsidiary, Jindal Stainless Steelway Ltd, acquired a 9.62 per cent stake in deal involved a combination of primary capital and a secondary purchase of shares from existing shareholders.
Entrepreneur
13-05-2025
- Business
- Entrepreneur
M1xchange Secures INR 84 Cr From Filter Capital to Scale MSME Supply Chain Financing
The capital infusion will be used to scale the platform's technology and expand access to invoice financing for underserved businesses. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. M1xchange has raised INR 84 crore (approximately USD 10 million) through a secondary transaction from Filter Capital to accelerate its digital supply chain finance operations, with a sharp focus on serving India's micro, small, and medium enterprises (MSMEs). The capital infusion will be used to scale the platform's technology and expand access to invoice financing for underserved businesses. This transaction follows a strategic investment two months ago by Jindal Stainless and its subsidiary Jindal Stainless Steelway Limited, which collectively acquired a 9.62% stake in the company. With this latest deal, M1xchange has raised over USD 47 million to date from marquee investors including SIDBI Venture, Amazon, IndiaMART, BEENEXT, and Mayfield. "This marks an important milestone in M1xchange's journey of innovation, technology-led growth, and financial inclusion," said Sundeep Mohindru, Founder and CEO of M1xchange. "Filter Capital shares our long-term vision and customer-first approach, and their investment reinforces our mission to build a digitally empowered, transparent supply chain finance ecosystem." Founded by Sundeep Mohindru and Vivek Misra, M1xchange launched in April 2017 as one of India's first RBI-licensed TReDS (Trade Receivables Discounting System) platforms. It enables MSMEs to get access to working capital through invoice discounting from banks and NBFCs — without the need for collateral or recourse. The platform sees monthly invoice financing volumes of around INR 10,000 crore (approx. USD 1.2 billion), and to date, has facilitated over INR 1.75 lakh crore (USD 20 billion) worth of invoice discounting. With a network that includes 50,000+ MSMEs, 2,800+ corporates, and 65+ financiers, M1xchange has built a robust three-sided exchange. It offers MSMEs faster access to funds — within 24 hours of invoice approval — and has recorded 100% year-on-year growth. "M1xchange has consistently demonstrated innovation and financial discipline while scaling," said Zareer Shroff, Principal at Filter Capital. "We're proud to back a team that is transforming supply chain finance in India." Highlighting the credit gap in the sector, Nitin Nayar, Co-founder of Filter Capital, added, "India has over 60 million MSMEs, yet they face limited access to formal credit. M1xchange is uniquely positioned to bridge this gap with technology-first solutions." Filter Capital is a growth-stage investment firm focused on tech-led enterprises. Its portfolio includes Capillary Technologies, Chalo Mobility, LoadShare Networks, and THB.
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Business Standard
12-05-2025
- Business
- Business Standard
Filter Capital invests $10 mn in trade discounting platform M1xchange
Growth-stage investment firm Filter Capital on Monday said it has invested approximately USD 10 million (Rs 85 crore) in trade receivables discounting system platform M1xchange. This investment, made through a secondary transaction, highlights Filter Capital's belief in the potential of digital supply chain finance in driving financial access for India's micro, small and medium-sized businesses, it said in a statement. M1xchange, set up by Sundeep Mohindru and Vivek Misra, claims to facilitate invoice financing of nearly Rs 10,000 crore each month, enabling MSMEs with faster access to working capital and driving adoption across corporates, vendors, and financial institutions. According to the platform, India's supply chain finance sector is witnessing accelerated growth, driven by the need for faster-working capital access for MSMEs and digital transformation across industries. With the RBI's TReDS framework, digital platforms are increasingly becoming the backbone of MSME financing, it said. "M1xchange has consistently demonstrated the ability to keep innovating, while delivering revenue growth coupled with financial discipline. They have built a scalable, three-sided exchange with network effects and a clear win-win proposition for all stakeholders," said Zareer Shroff, Principal at Filter Capital. "India has over 60 million MSMEs that contribute nearly 30% to the country's GDP, yet this segment remains severely underserved when it comes to access to formal credit," added Nitin Nayar, Co-founder and Managing Director, Filter Capital. To date, M1xchange has facilitated over Rs 1.75 lakh crore, or USD 20 billion, of invoice discounting, as per the statement.
