Fashion e-commerce platform Fynd has raised Rs 50 crore from Mukesh Ambani-led Reliance Industry Limited (RIL). The board of the company has appraised the issue of 21,64,502 equity shares to RIL for the same.
Previously, RIL had acquired over 87.6% stake in Fynd in 2019. Backed by Google, the startup had raised over Rs 100 crore from over 50 investors including IIFL, Kae Capital, Patni and Axis Capital amongst many others. (Source-MCA)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiast Read More >
