Fintech startup Credilio has raised around Rs 30 crore (approximately $3.3 million) in its Series A round led by existing investor Cornerstone Ventures, with participation from Ashra Private Equity Fund.
The company’s board has passed a resolution to allot 2,481 compulsory convertible cumulative preference shares (CCCPS) at an issue price of Rs 1,20,880 per share to raise the aforementioned amount.
Cornerstone Ventures led the round with an investment of Rs 20 crore, followed by Ashra Private Equity Fund, which infused Rs 10 crore. According to…

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