Social media platform Grapevine to raise Rs 34 crore in Series A round led by Kae Capital: report

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Social media platform Grapevine is in talks to raise Rs 33.86 crore (nearly $3.8 million) in its Series A round, led by Kae Capital, per a report by Entrakr on Saturday.

Venture capital (VC) firms Peak XV Partners and Unilazer Ventures will also participate in the round, valuing the company at around Rs 150 crore ($17 million), the report added.

Citing the company’s latest regulatory filing with the Registrar of Companies (RoC), the report confirmed that the board approved a special resolution to issue 44,325 Series A preference shares at Rs 7,599.5…



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Social media platform Grapevine to raise Rs 34 crore in Series A round led by Kae Capital: report



Social media platform Grapevine is in talks to raise Rs 33.86 crore (nearly $3.8 million) in its Series A round, led by Kae Capital, per a report by Entrakr on Saturday.

Venture capital (VC) firms Peak XV Partners and Unilazer Ventures will also participate in the round, valuing the company at around Rs 150 crore ($17 million), the report added.

Citing the company’s latest regulatory filing with the Registrar of Companies (RoC), the report confirmed that the board approved a special resolution to issue 44,325 Series A preference shares at Rs 7,599.5…



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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