India, May 22 -- Indore-based Shuru, a hyperlocal community app launched by Roposo cofounder Mayank Bhangadia, has raised INR 29 Cr (around $3.37 Mn) in a funding round led by South Korean gaming major KRAFTON's India arm, with participation from Omidyar Network India and Eximius Ventures.

According to the startup's MCA filing accessed by Inc42, the board of Close App Private Limited, the parent of Shuru, passed a special resolution to allot 3,793 Series A Compulsory Convertible Cumulative Preference Shares (CCCPS) of INR 10 face value at a premium price of INR 76,381.83 per share for INR 28.97 Cr.

While KRAFTON India infused INR 21.62 Cr into Shuru, Omidyar Network India and Eximius Ventures invested INR 6.48 Cr and INR 86.32 Lakh, res...