India, May 7 -- Women-focussed D2C apparel brand Blissclub has raised INR 33 Cr as part of its Pre-Series B funding round led by Elevation Capital, along with participation from Eight Roads Ventures.

As per the startup's regulatory filings with the Registrar of Companies (RoC), Blissclub's board passed a special resolution on April 29 to issue 16,076 compulsory convertible preference shares (CCPS) at a premium of INR 20,428 apiece to raise the funds.

While Elevation infused INR 19 Cr to acquire 9,256 CCPS, Eight Road Ventures infused INR 14 Cr to pick up 6,820 preference shares. Post the allotment, Elevation will own 24.5% stake in the D2C brand while Eight Roads will own 15.79% stake.

As per the filings, the fresh proceeds will be uti...