Xponents raises $1.56 million in seed funding

Xponents has recently raised $1.56 million seed funding from UAE based venture capitalist. The company plans to allocate the funds to create and enhance its upcoming AI-based platform that creates synergy between the ecosystem across multiple industries and build teams for each growth industry.

With an idea to accelerate India’s growth story towards a $5 trillion economy, Xponents understands the strengths and challenges of both family-managed businesses to help them sync and co-create with each other. With access to more than 4000 business families, Xponents plans to create landing pads for global startups and take Indian companies to global markets, through family-managed businesses.

Commenting on the launch of Xponents, Sarth Jain, co-founder, said, “India is the largest FMB ecosystem and third largest startup ecosystem in the world and they don’t speak the same language. If these two ecosystems talk we will be able to surpass the $5 trillion mark and possibly aim at $10 trillion. We are building an ecosystem via a platform to enable all the stakeholders to synergize and grow.”

In a statement, Abhishek, an angel investor, said “The next wave of disruption will be in the B2B sector. The experience of family managed businesses in this domain will be a great opportunity for startups to leverage the potential in this space”.

The company was founded by Sarth Jain, Deepak Nagpal and Ratish Pandey. Jain is also the chairman of Vinyl Pipes. Nagpal has served various leadership roles with Publicis Sapient and Fidelity in his professional career spanning 23 years. Pandey with 35 years of corporate experience in multinational companies both in domestic & international markets brings expertise in strategy, Go-to-market, sales & marketing, business transformation & team mentoring.

In a statement, Nagpal said, “I strongly believe startups and founders are a great force in fuelling India’s growth story and family business owners have an excellent understanding of the market-dynamics, real-world problems, and opportunities. I always wanted to merge these two great forces to create something new.”

The company has launched three verticals – Xponents Ventures, Xponents Deals, and Xponents Investments. It has also onboarded well-established family businesses Alpha Plastomers, Kabra Bearing and Power, and Ganesh Laxmi Textile Processors.

India is dominated by family managed businesses who are ambitious and can turn around the whole industry but they don’t have access to next-gen mindset, synergies and scalability. Therefore, Xponents aims to bring family businesses together and bridge the technological gap between them for exponential growth.


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