Consumer lending and payments startup Slice is in the process of raising nearly $36 million via convertible debt. Separately, Nestasia has raised $8.35 million in a fresh funding round co-led by Susquehanna Asia VC and Stellaris Venture Partners.
Taneja Family Trust, others back Slice
Consumer lending and payments startup Slice is in the process of raising nearly $36 million via convertible debt co-led by Taneja Family Trust, Anju Family Personal Trust, UK2 Family Trust, and MN Family Trust.
Blume Ventures and 8i Ventures are also contributing a significant amount to the round.
The board at Slice has passed a special resolution to issue of up to 30,000 compulsory convertible debentures at an issue price of Rs 100,000 each to raise the aforementioned amount, Entrackr reported, citing the company’s latest regulatory filings with RoC.
Other investors in the round include Inland Financial Services, Mintcap Enterprises, Stargazer Ventures, Roger Bravo Advisors, and Broadbridge Capital Management besides a bunch of individual investors.
Founded by Rajan Bajaj, Slice provides a physical and virtual card focused on millennials. The company has raised nearly $400 million funding to date.
Susquehanna, Stellaris invest in Nestasia
Home decor and lifestyle brand Nestasia has raised $8.35 million in a fresh funding round from Susquehanna Asia VC, Stellaris Venture Partners and angel investors.
The capital raised will support the company’s expansion into offline retail, new product categories, brand building, and hiring efforts, it said in a statement.
Nestasia plans to expand its product range within kitchenware, drinkware, cookware, and appliances and introduce new themed categories such as home products for children, among others.
Founded in 2019 by Aditi Murarka Agrawal and Anurag Agrawal, Nestasia offers a range of home decor and lifestyle products across six categories, including kitchenware, drinkware, cookware, and appliances.
Previously, Nestasia had secured $4 million in Series A funding led by Stellaris Venture Partners, with participation from Varun Alagh (MamaEarth), Sahil Barua (Delhivery), Anuj Srivastava and Ramakant Sharma (Livspace), and Dilip Khandelwal (Deutsche India).
