India, March 10 -- Nazara-backed mobile-first digital entertainment startup Rusk Media is looking to raise INR 74.1 Cr (around $8.5 Mn) in its Series B funding round led by Woori Venture Partners.

The startup's board passed a resolution on March 3 to issue up 11,663 Series B compulsorily convertible preference shares (Series B CCPS) having a face value of INR 10 each and a premium of 63,483 each to raise the sum, its regulatory filings showed.

Woori Venture Partners will infuse INR 26 Cr in Rusk Media, IDBI Capital Markets & Securities Ltd will invest INR 16.5 Cr, and LC Nueva Investment Partners will invest INR 15 Cr.

The remaining capital will come from Yashaa Global Capital and existing investors Info Edge Ventures, Nazara's subsidi...