Retail brand SuperK’s valuation jumps 2.4X in Series B round

Share via:


SuperK, a branded retail franchise for small towns in India, recently raised around $12 million in its Series B round co-led by Binny Bansal-backed 021 Capital, FPGA Family Foundation with the participation of existing investor Blume Ventures, Mithun Sacheti, Siddharth Sacheti and others.

While the company did not disclose details beyond the amount and investors, Entrackr reviewed its regulatory filing to decode the round breakup, shareholding, and current valuation.

The SuperK’s board has allotted 7,866 Series B compulsory convertible cumulative…



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.

Popular

More Like this

Retail brand SuperK’s valuation jumps 2.4X in Series B round


SuperK, a branded retail franchise for small towns in India, recently raised around $12 million in its Series B round co-led by Binny Bansal-backed 021 Capital, FPGA Family Foundation with the participation of existing investor Blume Ventures, Mithun Sacheti, Siddharth Sacheti and others.

While the company did not disclose details beyond the amount and investors, Entrackr reviewed its regulatory filing to decode the round breakup, shareholding, and current valuation.

The SuperK’s board has allotted 7,866 Series B compulsory convertible cumulative…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Ola Electric secures Rs 367 crore PLI-Auto incentive for...

Ola Electric on Thursday said it has received...

Today’s NYT Connections Hints, Answers for Dec. 25 #928

Looking for the most recent Connections answers? Click here...

Popular