VC Fund Investments
College admissions platform Univariety to raise Rs.10-Cr more from Info Edge
Hyderabad-based college admission platform International Educational Gateway Pvt Ltd (Univariety) is to raise INR 10 crore from Info Edge. The startup will issue 9,471 Series A2 compulsory convertible preference shares (CCPS) with a face value of INR 100 each. Post deal, Info Edge's aggregate shareholding in Univariety will be 47.12%. For FY21, the startup had reported a turnover of INR 8.3 crore. From the Venture Intelligence PE-VC Deal Database: In Dec-17 and Mar-20, Univariety had raised funding from Info Edge. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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