NEWME To Raise $12 Mn From Point72 Ventures, Accel

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SUMMARY

Existing investors Accel and Fireside Ventures will double down on their investments, alongside New York-based investment firm Point72 Ventures

While it was last valued at $75 Mn, the new funding is expected to value NEWME at around $100 Mn to $120 Mn

Notably, NEWME also recently raised a debt of INR 7 Cr from Innoven Capital India Fund II and INR 6 Cr from Stride Ventures Debt Fund 3

Women-focussed fast-fashion brand Newme is in discussions with investors to raise $12 Mn (about INR 107.3 Cr) in its Series B funding…



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NEWME To Raise $12 Mn From Point72 Ventures, Accel


SUMMARY

Existing investors Accel and Fireside Ventures will double down on their investments, alongside New York-based investment firm Point72 Ventures

While it was last valued at $75 Mn, the new funding is expected to value NEWME at around $100 Mn to $120 Mn

Notably, NEWME also recently raised a debt of INR 7 Cr from Innoven Capital India Fund II and INR 6 Cr from Stride Ventures Debt Fund 3

Women-focussed fast-fashion brand Newme is in discussions with investors to raise $12 Mn (about INR 107.3 Cr) in its Series B funding…



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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