• Source:JND
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Xofy Tech, the parent company of DMET Club, MarineX, and AviationX, has secured a significant investment from Yugen Infra, a leading real estate and infrastructure company. This funding values Xofy Tech at INR 90 crore and will accelerate its AI-driven transformation in the maritime and aviation industries while setting the stage for an SME IPO by 2028.

With this investment, Xofy Tech plans to enhance its platforms and expand its technological capabilities. The company aims to strengthen DMET Club as the premier digital hub for marine engineers by improving alumni engagement, career networking, and industry collaborations. MarineX and AviationX will also see advancements, offering AI-powered industry intelligence and networking solutions to maritime and aviation professionals.

In addition, Xofy Tech will deepen its collaboration with the DMET-MERI Ex-Cadets Association (DMECA) to enhance alumni connectivity through cutting-edge technology. In partnership with Yugen Infra, the company will introduce exclusive real estate solutions, providing preferential rates on premium housing and infrastructure to maritime, aviation, and tech communities.

The investment will also play a critical role in accelerating Xofy Tech’s SME IPO strategy. By leveraging these funds to scale AI-powered platforms, expand its reach, and drive profitability, the company is positioning itself for a successful IPO by 2028.

Commenting on the partnership, Sheeshram Yadav, Founder of Yugen Infra, said, “We are excited to partner with Xofy Tech in redefining digital networking and professional growth for maritime and aviation professionals. Our exclusive real estate solutions provide these communities with unparalleled housing and commercial opportunities, ensuring sustainable growth and industry excellence.”

Sharing his perspective on the investment, Prateek Khanna, Founder of Xofy Tech, stated, “This investment is a powerful endorsement of our vision to revolutionize digital networking and industry-focused platforms. With Yugen Infra’s support, we are scaling DMET Club, MarineX, and AviationX, while fortifying our path toward an SME IPO by 2028. Our commitment to DMECA remains unwavering as we harness technology to amplify alumni engagement and industry collaboration.”

This collaboration marks a major milestone in Xofy Tech’s growth journey, reinforcing its commitment to digital innovation and industry transformation. With Yugen Infra’s backing, Xofy Tech is set to drive groundbreaking advancements in maritime and aviation while building a strong foundation for future expansion.

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