Fast Fashion brand Newme to raise $12 Mn at $112 Mn valuation

Women-focussed fast fashion brand Newme has kicked off Series B round with Rs 108.66 crore (approximately $12 million) co-led by existing investors Accel India, Fireside Ventures and with the participation of new investor Point72 Ventures and others.

Newme had secured $18 million in a Series A round led by Accel in July last year.

The Newme’s board passed a special resolution to issue 3,447 Series B CCPS at an issuance price of Rs 3,15,231 per share to raise the amount as mentioned earlier, according to its regulatory filing with the Registrar of…