SalarySe’s valuation jumps 3X in Series A round

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Fintech startup SalarySe has recently raised $11.3 million in its Series A round led by Flourish Ventures and SIG Venture Capital with participation from existing investors Surge Ventures and Pravega Ventures.

While the Gurugram-based company didn’t disclose its valuation, round breakup, or shareholding structure in the announcement, Entrackr examined regulatory filings to uncover these details.

The SalarySe’s board has allotted 6,617 Series A compulsory convertible cumulative preferred shares at an issue price of Rs 1,46,424.19 each to raise Rs 97…



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SalarySe’s valuation jumps 3X in Series A round


Fintech startup SalarySe has recently raised $11.3 million in its Series A round led by Flourish Ventures and SIG Venture Capital with participation from existing investors Surge Ventures and Pravega Ventures.

While the Gurugram-based company didn’t disclose its valuation, round breakup, or shareholding structure in the announcement, Entrackr examined regulatory filings to uncover these details.

The SalarySe’s board has allotted 6,617 Series A compulsory convertible cumulative preferred shares at an issue price of Rs 1,46,424.19 each to raise Rs 97…



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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