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As part of the first tranche, which was executed in January, the company said it has allotted 3,389 Series B2 compulsory convertible preference shares (CCPS) to seven investors for Rs 28 crore, documents accessed by ET show. A month later, the company raised Rs 51 crore from 28 investors by allocating 6,142 Series B2 CCPS shares. In an interview in 2021, Aprameya Radhakrina, cofounder and CEO, said he expected the company to grow rapidly.
