India, March 6 -- Amid the heating 10-minute food delivery battle, Bengaluru-based Swish has raised about $14 Mn (INR 121.8 Cr to be precise) in what appears to be its Series A funding round from venture capitalist (VC) firm Accel, Hara Global, and Unacademy founder Gaurav Munjal.
As per the startup's filings with the MCA, its board allotted 4,742 Series A compulsorily convertible preference shares (CCPS) at a face value of INR 100 and a premium of INR 2,56,324.43 and 10 equity shares at a face value of INR 10 and similar premium on February 28.
The round saw Hara Global acquire 2,704 CCPS and 10 equity shares, translating to a total of INR 69.57 Cr. Accel invested INR 52.19 Cr by buying 2,036 CCPS, while Munjal invested INR 5.1 Lakh in...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.