M1 an online exchange for TReDS set up under the approval RBI to facilitate discounting of invoices on a PAN India basis.
M1’s Trade Receivables Discounting System “TReDS” is an online exchange being set up under the approval of Reserve Bank of India (RBI) to facilitate discounting of invoices and Bills of exchange on a PAN India basis. Mynd Online National Exchange has been launched in April 2017, to set-up and operate TReDS under the Payment and Settlement System (PSS) Act 2007.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Nov 15, 2022 | Secondary Market | ₹380M | 1 | IndiaMART | — | Detail |
Nov 29, 2021 | Secondary Market | ₹324M | 1 | IndiaMART | — | Detail |
Apr 15, 2021 | Series Unknown | $10M | 1 | Amazon | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
IndiaMART | Yes | Secondary Market |
Amazon | Yes | Series Unknown |