The board of Ustraa’s parent, Happily Unmarried, passed a special resolution to issue 1,960 Series I preference shares at an issue price of INR 85,711.84 per share
Info Edge’s subsidiary Startup Investments invested INR 7.5 Cr, while IIFL Seed Ventures Fund-II and Wipro Enterprises pumped in INR 6.3 Cr and INR 3 Cr, respectively
The new fundraise comes nearly 18 months after Ustraa raised INR 20 Cr from IIFL Seed Ventures
New Delhi-based men’s grooming startup Ustraa has raised INR 16.8 Cr (approximately $2.1 Mn) in a strategic funding round led by Info Edge’s subsidiary Startup Investments. The round also saw participation from IIFL Seed Ventures and Wipro Enterprises.
According to regulatory filings accessed by Inc42, Info Edge has invested INR 7.5 Cr, while IIFL Seed Ventures Fund-II and Wipro Enterprises have pumped in INR 6.3 Cr and INR 3 Cr, respectively.