AuroraX Private
Latest round
- Seed
Last raised
- May 2022
Total raised
- $4.8M
Investors
- 7
About AuroraX Private
Founded in 2019 and based in Bangalore, India, AuroraX Private Limited develops financial products that cater to the needs of consumers seeking better payment solutions. The company was established by a team of entrepreneurs including Ananya Pande, Eeshan Sharma, Mehul J, and Shyam Murugan, with Mehul J serving as the CEO.AuroraX offers a range of financial products designed to improve consumer purchasing power through flexible payment solutions. Their main products include a "Pay in 3" plan, which allows consumers to split payments into three zero-interest installments, and a "Pay in X" option that enables users to make a partial upfront payment followed by 3 to 18 EMIs (Equated Monthly Installments) supported by real-time account aggregation technology. These products primarily target direct-to-consumer (D2C) brands across sectors such as fashion, electronics, healthcare, and food delivery, enhancing transaction ease for consumers by providing loans without extensive documentation.50, with an EBITDA of USD -1,036,460. The company generates revenue through transaction fees associated with its payment solutions provided to retail brands.AuroraX plans to expand its product offerings with new features aimed at enhancing consumer financial flexibility. The company is targeting new markets beyond India, with plans for geographic expansion by the end of 2024, although specific regions have yet to be disclosed.50 mn, will be strategically utilized to support these initiatives, including research and development for upcoming products.
Who invested in AuroraX Private
7 investors across 3 rounds
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Questions about AuroraX Private
Who invested in AuroraX Private?
AuroraX Private has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has AuroraX Private raised?
AuroraX Private has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did AuroraX Private last raise money?
AuroraX Private's most recent round on record is a Seed, in May 2022.
What does AuroraX Private do?
Founded in 2019 and based in Bangalore, India, AuroraX Private Limited develops financial products that cater to the needs of consumers seeking better payment solutions.
Where is AuroraX Private headquartered?
AuroraX Private is headquartered in Bangalore, India.
Which VCs invest in companies like AuroraX Private?
Among active investors with capital left to deploy, 360 ONE, Gopher Asset Management, DSC Investment and Stellaris Venture Partners back financial services companies at AuroraX Private's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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