Celebrity-focused online learning and community platform FrontRow raised $ 14 million, or Rs 104 billion, in a Series A round. This is the first round of funding for the Bengaluru-based company this year.
FrontRow has passed a special resolution to allocate 2 shares and 34,377 Series A preferred shares at an issue price of Rs 30,136 per share to raise Rs 103.6 billion. Eight Roads Ventures led the round for Rs 37 billion, while Lightspeed and Elevation Capital raised Rs 18.5 billion each, FrontRow regulatory records show.
Read More Exclusive: FrontRow Raises $ 14M Series A Round Led by Eight Roads Ventures at Trickypedia.