Social media platform Grapevine to raise Rs 34 crore in Series A round led by Kae Capital: report
Social media platform Grapevine is in talks to raise Rs 33.86 crore (nearly $3.8 million) in its Series A round, led by Kae Capital, per a report by Entrakr on Saturday.
Venture capital (VC) firms Peak XV Partners and Unilazer Ventures will also participate in the round, valuing the company at around Rs 150 crore ($17 million), the report added.
Citing the company’s latest regulatory filing with the Registrar of Companies (RoC), the report confirmed that the board approved a special resolution to issue 44,325 Series A preference shares at Rs 7,599.5 per share to raise the stated amount.
Venture capital (VC) firms Peak XV Partners and Unilazer Ventures will also participate in the round, valuing the company at around Rs 150 crore ($17 million), the report added.
Citing the company’s latest regulatory filing with the Registrar of Companies (RoC), the report confirmed that the board approved a special resolution to issue 44,325 Series A preference shares at Rs 7,599.5 per share to raise the stated amount.
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