Mintoak to raise fresh funding at Rs 2,500 Cr valuation

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Merchant SaaS platform Mintoak is set to raise Rs 53.3 crore (about $6 million) in its ongoing Series A round from its existing investors Paypal and Pravega Ventures. This follows the company’s $8 million secondary transaction completed in January this year.

The Mintoak board has approved the issuance of 21,422 Series A2 preference shares at an issue price of Rs 24,879 per share, raising a total of Rs 53.30 crore, according to filings with the Registrar of Companies (RoC).

PayPal Ventures  will invest Rs 35.53 crore (around $4 million) while Pravega…



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Mintoak to raise fresh funding at Rs 2,500 Cr valuation


Merchant SaaS platform Mintoak is set to raise Rs 53.3 crore (about $6 million) in its ongoing Series A round from its existing investors Paypal and Pravega Ventures. This follows the company’s $8 million secondary transaction completed in January this year.

The Mintoak board has approved the issuance of 21,422 Series A2 preference shares at an issue price of Rs 24,879 per share, raising a total of Rs 53.30 crore, according to filings with the Registrar of Companies (RoC).

PayPal Ventures  will invest Rs 35.53 crore (around $4 million) while Pravega…



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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