India, April 21 -- Tiger Global-backed house of brands startup BRND.ME (formerly Mensa Brands) is raising INR 48 Cr (around $5.6 Mn) debt funding from existing investor Stride Ventures.

The unicorn's board passed a resolution in March to issue 4,800 non-convertible debentures (NCDs) to raise the sum, as per its filings sourced from the Registrar of Companies (RoC).

The house of brands unicorn plans to use the capital to meet its working capital requirements and general corporate purposes.

BRND.ME declined to comment on Inc42's queries on the development.

In a separate regulatory filing, it said that it received the approval of its members to increase the authorised capital of the company to INR 340.6 Cr from INR 163 Cr previously by:...