<ul><li>Gurugram-based TReDS platform M1Xchange has secured fresh funding in a round led by Jindal Stainless.</li><li>Jindal Stainless has acquired a 9.62% stake in M1Xchange, a digital exchange for invoice discounting and supply chain financing.</li><li>The investment is expected to enhance Jindal Stainless' digital supply chain financing capabilities and provide liquidity to strengthen its balance sheets.</li><li>The funding round was facilitated by Deloitte India and Dentons Link Legal provided legal counsel.</li></ul>

Jindal Stainless picks up 9.62% stake in Amazon-backed M1Xchange in latest funding round

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