India, Jan. 29 -- D2C startup P-TAL is in advanced discussions to raise INR 30 Cr (about $3.5 Mn) in its pre-Series A funding round from its existing investors and a new investor, sources told Inc42.

The funding round will see participation from existing investors like Titan Capital, Anicut Capital, and some angel investors. The round will be led by a top VC firm, the sources said, without disclosing the name.

The fundraise will catapult the startup's post-money valuation to INR 150 Cr (about $17 Mn)

P-TAL declined to comment on Inc42's queries on the funding round.

The Shark Tank fame startup plans to utilise the fresh capital to expand its presence in India and the US. P-TAL entered the US about six months ago, the sources said, add...