TraceX raises $1 M in pre-series A round

 The funding is led by NABARD backed NABVENTURES Fund 

TraceX Technologies has raised $1 million in pre-series A funding led by NABARD backed NABVENTURES Fund. The round also saw participation from Paipal Ventures, an early stage family office investment fund, and angel investor Sunil Kumar. The newly raised capital will be used towards scaling up operations across geographies in India and international markets, enhancing the technology platform, foraying into other value chains and building high-performance teams across functions.