)
Fxkart.com, an online aggregator of foreign exchange dealers, announced today that it has received dollar 2 million seed funding from its founder Mushtaq Shah and strategic advisor Faraz Naqvi. The seed funding is in their private individual capacities, the company said.
Fxkart.com is an online platform for exchange of foreign currency that helps to improve the consumer experience of carrying out their forex transactions. The funds will be used to expand the dealer network of the company in India and enhance the IT infrastructure.
Fxkart.com also announced the launch of India's first Forex booking mobile app, showcasing over 500 dealer locations across the length and breadth of the country, with geo-location, instant chat and deal tracking. Through this mobile app, Fxkart.com aims to provide the consumer with the ease of instantly booking his forex requirement by locating the cheapest and nearest dealer in the city.
