The debt securities would be in the nature of secured/unsecured, subordinated debentures, and the capital will be raised through a private placement.
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In today’s world of business, the success and sustainability of a start-up are determined by the amount of funding it has acquired
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Razorpay has raised USD 206.5 million in investments since its inception in 2014. In 2019, it had raised USD 75 million in series C funding.
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Existing investors General Atlantic, Owl Ventures and Tiger Global are also participating in this round, it said in a statement.
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Dream Sports announced on September 14 the completion of primary and secondary investment led by Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital and Footpath Ventures worth $225 Million.
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The company's director, Pankaj Bansal, tweeted that Oaktree Capital Management has invested Rs 570 crore in the group.
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The pre-series C round involves a convertible note, which will be converted during the series C raise, a statement said.
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The company plans to use the funds to strengthen its team across product, marketing, and invest further technology and data science.
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This Series G round is by all accounts a continuous one and Dailyhunt could bring increasingly capital up in the coming weeks.
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To help ensure businesses can reach their end customers as the world grapples with the COVID-19 pandemic, the company is offering its product ‘Serve’ at a zero-fee to enable the seamless movement of groceries and essential goods.
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