Xponents – India’s only platform that enables Family Managed Business (FMB) ecosystem and Startups to synergize and leverage each other’s strengths to grow exponentially has recently raised $1.56M seed funding from UAE based venture capitalist.
Xponents plans to allocate the funds to create and enhance its upcoming state-of-the-art AI-based platform that creates synergy between the vast 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, language, fears, and challenges of both family-managed businesses and startups to help them sync and co-create with each other. It follows a unique approach and framework based on the philosophy of Mindset, Synergy, and Scalability.
With access to more than 4000 Business families, Xponents plans to create landing pads for global startups and take Indian start-ups 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 3rd 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 like FMBs, startup founders, investors, and mentors to synergize and grow exponentially.”
Commenting on the funding, 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. Sarth Jain is also the Chairman of Vinyl Pipes, Masters graduate from SP Jain business school of management. Deepak has served various leadership roles with Publicis Sapient and Fidelity in his professional career spanning 23+ years. Deepak has broad global exposure having worked in India, UK, and US, and has experience across client-facing business and large-scale capability building leadership roles. Ratish Pandey with 35+ years of corporate experience in leading multinational companies both in domestic & international markets brings expertise in strategy, Go-to-market, sales & marketing, business transformation & team mentoring.
Adding to the launch and funding, Deepak Nagpal, Co-founder, Xponents 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 and unique and Xponents is exactly that”.
In a short span of time, Xponents has already launched three verticals – Xponents Ventures, Xponents Deals, and Xponents Investments. It has also onboarded well-established family businesses Alpha Plastomers Pvt. Ltd, Kabra Bearing and Power, and Ganesh Laxmi Textile Processors along with four startups namely Lawyered, Agua Wireless Systems Pvt Ltd, Dandera Technologies Private Limited, and Eco Impulse.
India is dominated by highly experienced 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 and startups together and bridge the technological gap between them for exponential growth.
Categories: Seed Funds