DPDzero co-founders dilute over 45% stake after Series A round

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Fintech startup DPDzero recently raised $7 million in its Series A round, led by Japan-based GMO Venture Partners, with participation from SMBC Asia and existing backer Blume Ventures.

Apart from naming the investors, the company withheld further details. However, Entrackr’s analysis of regulatory filings brings key insights such as the funding round breakup, shareholding pattern, and current valuation.

The DPDzero’s board approved the allotment of 21,709 Series A CCCPS at an issuance price of Rs 24,364 each to raise Rs 52.89 crore or $6.2 million….



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DPDzero co-founders dilute over 45% stake after Series A round


Fintech startup DPDzero recently raised $7 million in its Series A round, led by Japan-based GMO Venture Partners, with participation from SMBC Asia and existing backer Blume Ventures.

Apart from naming the investors, the company withheld further details. However, Entrackr’s analysis of regulatory filings brings key insights such as the funding round breakup, shareholding pattern, and current valuation.

The DPDzero’s board approved the allotment of 21,709 Series A CCCPS at an issuance price of Rs 24,364 each to raise Rs 52.89 crore or $6.2 million….



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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