Footwear brand Neeman’s raising fresh funding from multiple investors

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Sustainable footwear startup Neeman’s has raised fresh funding from new and existing investors. This appears to be part of a Series B round that kicked off in June 2022.

Neeman’s board issued 54,915 Series B2 compulsorily convertible preference shares (CCPS) at an issue price of Rs 6,465 per share to raise Rs 35.50 crore, according to its regulatory filing with the Registrar of Companies (RoC).

The filing also shows that the company issued 5,414 partly paid-up equity shares to founders Taranjeet Singh Chhabra and Amar Preet Singh at the same issue…



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Footwear brand Neeman’s raising fresh funding from multiple investors


Sustainable footwear startup Neeman’s has raised fresh funding from new and existing investors. This appears to be part of a Series B round that kicked off in June 2022.

Neeman’s board issued 54,915 Series B2 compulsorily convertible preference shares (CCPS) at an issue price of Rs 6,465 per share to raise Rs 35.50 crore, according to its regulatory filing with the Registrar of Companies (RoC).

The filing also shows that the company issued 5,414 partly paid-up equity shares to founders Taranjeet Singh Chhabra and Amar Preet Singh at the same issue…



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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