Monday, April 29, 2024
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Clensta had raised Rs 75 crore in a Pre-Series B funding round led by TradeCred and co-led by the Royal Family of the UAE and Parineeti Chopra

The development came a few days after the VC firm announced that it would split its US, China and Southeast Asia-focussed businesses into three distinct entities

The IPO, with a price band of Rs 415-436 a share, would open for public subscription from April 3, and the proceeds from the fresh issue would be used towards debt payment, funding working capital requirements and general corporate purposes

Info Edge’s stake in the edtech start-up will now stand at 23.01 per cent