E-commerce brands acquirer UpScalio raises $43-M from Presight Capital, others

Gurugram-based, "Thrasio-style" investment company UpScalio has raised USD 42.5 million as part of its Series A round, led by Presight Capital and a global hedge fund. Heliad Equity Partners, MPGI, 468 Capital and Whiteboard Capital also participated in the funding round. A consortium of lenders, including freshly minted unicorn OfBusiness, Innoven Capital, and Alteria Capital, have also committed capital to the platform. The company's angel investors and advisors include Suhail Sameer (CEO, BharatPe), Radhika Ghai (Co-Founder, ShopClues), Rohit Kapoor (CEO, OYO India & SEA), Arjun Vaidya (Founder, Dr Vaidya's), and Erik Podzuweit (Founder, Scalable Capital). UpScalio aims to be an e-commerce brand investor and operator by partnering with digital-first brands that sell on e-commerce sites such as Amazon, Flipkart, Myntra and Nykaa.