₹17.40 crore raised: ₹15 crore from existing backer A91 Partners at ₹1,69,052 per share, and ₹2.40 crore from new investor Tancom Electronics at ₹1,42,692 per share, a roughly 16 percent lower price.
The valuation is flat at about ₹600 crore in rupees, but the previous ₹582 crore mark was worth $70-75 million while ₹600 crore is now about $63.5 million. In dollars, this is a markdown.
This is the second consecutive flat round after May 2024. DaMENSCH has not repriced upward since February 2022.
FY25 revenue grew 34 percent to ₹118 crore with a ₹57 crore loss. Competitor XYXX grew 46 percent to ₹187 crore on a ₹25.5 crore loss, despite spending nearly twice as much on advertising.
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