Fast Fashion brand Newme to raise $12 Mn at $112 Mn valuation

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Women-focussed fast fashion brand Newme has kicked off Series B round with Rs 108.66 crore (approximately $12 million) co-led by existing investors Accel India, Fireside Ventures and with the participation of new investor Point72 Ventures and others.

Newme had secured $18 million in a Series A round led by Accel in July last year.

The Newme’s board passed a special resolution to issue 3,447 Series B CCPS at an issuance price of Rs 3,15,231 per share to raise the amount as mentioned earlier, according to its regulatory filing with the Registrar of…



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Fast Fashion brand Newme to raise $12 Mn at $112 Mn valuation


Women-focussed fast fashion brand Newme has kicked off Series B round with Rs 108.66 crore (approximately $12 million) co-led by existing investors Accel India, Fireside Ventures and with the participation of new investor Point72 Ventures and others.

Newme had secured $18 million in a Series A round led by Accel in July last year.

The Newme’s board passed a special resolution to issue 3,447 Series B CCPS at an issuance price of Rs 3,15,231 per share to raise the amount as mentioned earlier, according to its regulatory filing with the Registrar of…



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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