The startup's founder Puneet Gupta has issued a statement saying that one of their team members with access to the company's LinkedIn credentials has written false information about him.
While existing backer TradeCred is likely to lead the round, Arrow Capital and Singapore-based Jafco Asia are also expected to participate. The final terms of the deal are still being negotiated
Other investors who participated in the current round include Export-Import Bank of India, Mumbai Angels, Keiretsu, LetsVenture and O2 VC Fund, a company release said.
Exclusive interaction with actress Parineeti Chopra who has made her investment debut. The Bollywood diva has invested in an eco-friendly brand Clensta, which is a personal care and hygiene brand. In an exclusive interview with Moneycontrol, the actress shared her vision and idea behind the investment and her future business plans. She also gave a sneak peek into her big-screen ventures. Watch the full interview.
Writing on Twitter, Parineeti Chopra said that she had been wanting to do something like this for 4 years and was looking for the right team to do it.