VC Fund Investments
Youth-focused fintech platform Slice raises $15.5 M from Japan's Gunosy Capital
Bengaluru-based youth-focused fintech startup Slice has raised USD 15.5 million from Japan-based Gunosy Capital in lieu of a 12% stake, valuing the company at INR 937.51 crore (USD 129.13 million). The company has issued 11,250,000 Series A6 CCDs (compulsory convertible debentures) at INR 100 each. Post the investment, Gunosy's shareholding in Slice stands at 17.18% on a fully diluted basis.The company's FY20 consolidated revenue stood at INR 40.68 crore.
From the Venture Intelligence PE-VC Deal Database: Between Dec-15 and Jun-21, Slice has raised nearly $43-M (including the latest investment), from Emphasis Ventures, Gunosy Capital, Das Capital, Simile Venture Partners, Blume Ventures, M&S Partners and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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