Voonik Receives First Part of its Series B Funding
This Bengaluru based online marketplace Voonik operating in products for women’s fashion has received ₹65 Lakhs from existing investor Sequoia Capital. The amount is the first part of Series B round that commenced in December 2017.
In December 2017, RB Investments, Seedfund, and Sequoia Capital invested ₹7.37 Cr in Voonik. The shares were issued at a premium of ₹4,149/-, same as the current raise but much less than the previous round which saw the participation of RB Investments alone.
Sequoia has invested in both fundings round happened in March & December from its Sequoia Capital Investments IV fund.
The current private placement offer covers an investment by Sequoia Capital of ₹1.3 Cr in funding, which indicates that the current allotment of ₹65 lakhs is the first tranche, ...
