A seed round led by Inflection Point Ventures raised $1.2 million for the B2B fintech platform BharatNXT. Spiral Ventures, Keiretsu Forums, and Panthera Peak Capital, three Japanese venture capital firms, also invested in the round.
According to a press release from BharatNXT, the funds will be used for product development, a four-fold increase in team size, and improving the core technology’s scalability to support ten times the current growth.
BharatNXT, a company founded in 2022 by Akshat and Aljo, enables credit cards for B2B transactions for small and medium-sized businesses. This offers a 45–50-day extension of credit. All business payments, including GST, utility, and vendor payments, can be settled instantly or in one business day thanks to the platform’s integration with a number of portals.
When BharatNXT had already facilitated payments totaling close to Rs 50 crore for roughly 10,000 SMEs in January 2023, IPV made an investment in the company. Since then, the company asserts to have tripled in size and to have completed 4 lakh transactions—with 100% accuracy—that require at least 6 million back-end calculations.
With over 7400 CXOs, HNIs, and professionals participating, Inflection Point Ventures (IPV) is a platform for angel investing in startups. In order to invest in pre-Series A to Series B growth-stage start-ups, IPV has announced the opening of a $50 million CAT 2 AIF Physis Capital.
