Social media platform Grapevine to raise Rs 34 crore in Series A round led by Kae Capital: report
Social media platform Grapevine is in talks to raise Rs 33.86 crore (nearly $3.8 million) in its Series A round, led by Kae Capital, per a report by Entrakr on Saturday.
Venture capital (VC) firms Peak XV Partners and Unilazer Ventures will also participate in the round, valuing the company at around Rs 150 crore ($17 million), the report added.
Citing the company’s latest regulatory filing with the Registrar of Companies (RoC), the report confirmed that the board approved a special resolution to issue 44,325 Series A preference shares at Rs 7,599.5 per share to raise the stated amount.
