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Hexalog bags $4 Mn in seed round led by ENRISSION INDIA CAPITAL

EntrackrEntrackr ยท 4d ago
Hexalog bags $4 Mn in seed round led by ENRISSION INDIA CAPITAL
Medial

Hexalog bags $4 Mn in seed round led by ENRISSION INDIA CAPITAL Cross-border supply chain enablement company Hexalog has raised $4 million in a seed funding round led by ENRISSION INDIA CAPITAL along with participation from Mount Judi Ventures, Action Tesa Family Office, Bajaj Ventures, Nandan Growth Fund and other angel investors like Saurabh Deep Singla, Sumit Jalan, Amit Tyagi & Nitin Sethi. The fresh funds will be deployed towards strengthening its technology capabilities, with a focus on building a scalable, reliable, and data-driven orchestration layer for cross-border logistics, Hexalog said in a press release. Co-founded in February 2024 by Dibyanshu Tripathi, Utkarsh Tripathi, Vineet Malik and Shobhit Singh, Hexalog is an AI-led 4PL full stack orchestrator company specializing in end-to-end cross-border trade solutions. The startupโ€™s AI-driven orchestration layer turns cross-border logistics from a fragmented, reactive process into a predictable, coordinated execution workflow. According to the Gurugram-based startup, it orchestrates the entire cross-border logistics lifecycle from order confirmation and documentation readiness to customs clearance, line haul, and final delivery ensuring continuity across every step. Hexalog focuses on digitising and orchestrating the end-to-end cross-border supply chain. By combining technology, data intelligence, and deep domain expertise, the company delivers integrated, transparent, and reliable logistics solutions for global trade. Hexalog plans to accelerate its go-to-market efforts across key international trade corridors, particularly the Middle East and Southeast Asia. The expansion is aimed at addressing the growing demand for predictable and transparent logistics solutions in global trade. It competes with the other notable players in this space such as Flexport, e2open, and others. The company has operations across over 80 countries and covers more than 29,000 Indian pincodes.

Accel-backed OpenFX appoints former CoinDCX AVP as India product lead

EntrackrEntrackr ยท 1m ago
Accel-backed OpenFX appoints former CoinDCX AVP as India product lead
Medial

Accel-backed OpenFX appoints former CoinDCX AVP as India product lead In his LinkedIn post, founder and CEO Prabhakar Reddy said that the company is also hiring across engineering, product, and operations. OpenFX, a fintech infrastructure startup for cross-border payments, has appointed a former CoinDCX executive Sourav Karmakar to lead its India business. The firm has also appointed Alex Rowles as Head of Trading and Risk and Ethan Mackie to lead Product Operations. For India, Karmakar has been appointed as INR Product Lead. Formerly India AVP Product at CoinDCX, he has joined OpenFX to lead the companyโ€™s INR-focused cross-border remittance offerings for businesses. His role includes developing INR payment infrastructure for cross-border transactions and overseeing OpenFXโ€™s expansion in global B2B payments. Beyond crypto, Karmakar has experience across fintech and consumer internet businesses. His previous roles include positions at WhiteHat Jr, Vedantu, DocsAppโ€“MediBuddy, and Koo. Founded by serial entrepreneur Reddy, former co-founder and COO of FalconX, OpenFX is building a real-time FX network for near-instant cross-border settlements. The platform claims to make FX transfers 99% faster and up to 90% cheaper, while running round the clock throughout the year, without the limits of banking hours, weekends, or holidays. The development comes six months after OpenFXโ€™s $23 million seed funding round led by Accel, with participation from NFX, Lightspeed Faction, Castle Island Ventures, and others. At the time of the fundraise, the company had a team of 42 operating globally across the US, UK, UAE, and India.

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