India, Feb. 17 -- D2C fashion brand Rare Rabbit has raised INR 50 Cr (around $5.7 Mn) from existing backer A91 Partners. This is the second tranche of its larger INR 500 Cr (around $57.5 Mn) funding round.

In June last year, the startup raised INR 150 Cr (around $18 Mn) from A91 Partners, Nikhil Kamath's investment firm Gruhas and Ravi Modi's family trust (promoter of Manyavar) among others.

According to the company's regulatory filing, the board of directors approved the allotment of 23,073 shares at the price of INR 21,670 each, totalling to about INR 50 Cr.

".the consent of the board of directors of the company is hereby accorded for allotment of 23,073 (Twenty Three Thousand Seventy-Three) 0.0001% Compulsorily Convertible Preferenc...