Grapevine set to raise Series A led by Kae Capital

Anonymous social media platform Grapevine is set to raise Rs 33.86 crore (around $3.8 million) in its Series A round, led by Kae Capital, with the participation from Peak XV Partners and Unilazer Ventures.

According to the company’s latest regulatory filing with the Registrar of Companies (RoC), the board has approved a special resolution to issue 44,325 Series A preference shares at a price of Rs 7,599.5 per share, to raise the aforementioned amount.

As per the filing, Kae Capital will invest Rs 18 crore, while Peak XV Partners and Unilazer Ventures…