Maalexi raised $1 M investment from global venture debt firm Stride Ventures
A premier global venture debt firm based in India, Stride Ventures has announced Maalexi as its first venture debt investment of USD 1 million, part of a larger commitment in the GCC region. This announcement represents a significant milestone in the company’s international strategy. Stride Ventures is committed to promoting innovation in developing nations, as demonstrated by this action. The investment is expected to expedite Maalexi’s expansion objectives and enhance its operational proficiencies, thereby promoting more efficacious procurement and distribution of food and agricultural produce throughout the region.
Maalexi provides small food and agribusinesses with direct access to international trade as a dynamic risk management platform. Maalexi is poised to transform the $3 trillion global cross-border food and agri-produce trading market. It was founded in 2021 by Dr. Azam Pasha and Rohit Majhi. With the help of the company’s essential risk management tools—such as digital contracts, AI-enabled inspections, and blockchain-authenticated documentation—SME agri-buyers can now purchase food supplies from SME producers and exporters located all over the world more quickly, affordably, and safely.
Apoorva Sharma, Managing Partner at Stride Ventures, commented on the collaboration, stating, “Maalexi’s deployment of cutting-edge technologies places it at the forefront of enhancing regional food security and connecting rural markets with the global economy. This investment embodies Stride Ventures’ commitment to global expansion by supporting companies that use technology to improve traditional industries. Our strategy is not only forward-thinking but also designed to foster innovation and cultivate synergies across borders.”
Dr. Azam Pasha, co-founder and CEO of Maalexi, voiced team Maalexi’s excitement about the partnership, mentioning, “This debt capital raise from Stride Ventures will significantly enhance our ability to acquire new users and scale our operations, further solidifying our position as a leading digital risk management platform for small and medium enterprises (‘SME’) engaged in cross-border trade. We will use these funds to deploy cutting-edge technology solutions that streamline the movement of goods through our local and international warehouses and carriers, effectively mitigating key risks in international trade. Furthermore, this capital infusion will serve as a strategic lever, helping us acquire additional debt capital to expand our operations, and bolster food security across the UAE and the broader GCC region.”
In addition to demonstrating Stride Ventures’ dedication to Hub71, Mubadala’s tech ecosystem, this strategic investment highlights the firm’s position as a global investor with a strategic focus on funding fast-growing businesses in developing nations.
