Grapevine set to raise Series A led by Kae Capital

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Anonymous social media platform Grapevine is set to raise Rs 33.86 crore (around $3.8 million) in its Series A round, led by Kae Capital, with the participation from Peak XV Partners and Unilazer Ventures.

According to the company’s latest regulatory filing with the Registrar of Companies (RoC), the board has approved a special resolution to issue 44,325 Series A preference shares at a price of Rs 7,599.5 per share, to raise the aforementioned amount.

As per the filing, Kae Capital will invest Rs 18 crore, while Peak XV Partners and Unilazer Ventures…



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Grapevine set to raise Series A led by Kae Capital


Anonymous social media platform Grapevine is set to raise Rs 33.86 crore (around $3.8 million) in its Series A round, led by Kae Capital, with the participation from Peak XV Partners and Unilazer Ventures.

According to the company’s latest regulatory filing with the Registrar of Companies (RoC), the board has approved a special resolution to issue 44,325 Series A preference shares at a price of Rs 7,599.5 per share, to raise the aforementioned amount.

As per the filing, Kae Capital will invest Rs 18 crore, while Peak XV Partners and Unilazer Ventures…



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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