₹170 crore announced, led by Sauce.vc with Peak XV Partners, AYRA Ventures and Niveshaay participating. The board approved ₹90.66 crore of new shares.
Sauce.vc says it contributed ₹109 crore on its own, which exceeds the total new issuance. The likely explanation is that part of the round is secondary rather than fresh capital.
Reported post-money valuation of around ₹1,930 crore, 2.76 times the ₹700 crore at Series B in February 2024. Sauce.vc now holds 20.48 percent, ahead of Peak XV at 16.76.
FY25 revenue nearly doubled to ₹230.15 crore with a loss of ₹10.18 crore, about 4.4 percent of sales. The founders hold roughly a third of the company between them.
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