Vama set to raise fresh funds in pre-Series A round

Virtual spiritual app Vama is set to raise Rs 23.87 crore (around $2.7 million) in its pre-Series A round led by existing investor Wavemaker Partners with the participation of 500 Global, Venture Catalyst, 9Unicorns, Silver Needle Ventures and other angel investors.

The Vama’s board passed a resolution to issue 4,433 pre-Series A1 compulsory convertible preference shares at an issue price of Rs 53,466.8 per share to raise the above mentioned sum, according to its filing with the Registrar of Companies (RoC). 

Wavemaker Partners will lead the round…