Months After Laying Off 18% Workforce, Blissclub Nets INR 33 Cr

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SUMMARY

Blissclub’s board passed a special resolution on April 29 to issue 16,076 CCPS at a premium of INR 20,428 apiece to raise the funds

Post the allotment, Elevation Capital will own 24.5% stake in the D2C brand while Eight Roads Ventures own 15.79% stake

The fundraise comes months after the Bengaluru-based startup laid off 18% of its workforce, or around 21 employees, in the second week of January

Women-focussed D2C apparel brand BlissClub has raised INR 33 Cr as part of its Pre-Series B funding round led by Elevation…



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Months After Laying Off 18% Workforce, Blissclub Nets INR 33 Cr


SUMMARY

Blissclub’s board passed a special resolution on April 29 to issue 16,076 CCPS at a premium of INR 20,428 apiece to raise the funds

Post the allotment, Elevation Capital will own 24.5% stake in the D2C brand while Eight Roads Ventures own 15.79% stake

The fundraise comes months after the Bengaluru-based startup laid off 18% of its workforce, or around 21 employees, in the second week of January

Women-focussed D2C apparel brand BlissClub has raised INR 33 Cr as part of its Pre-Series B funding round led by Elevation…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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