India
The funds will be used to accelerate product development.
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The funding also saw participation from Asiana Fund and a clutch of existing investors.
The capital proceeds will be used to expand local collections across more than 20 new countries.
Furlenco will use the funds to deepen presence in existing cities and expand into new markets.
The facility brings Candi’s total capital raised to over $200 million.
The current round also saw participation from Equentis Angel Fund and Thackersey Group.
The funding also saw participation from existing investor IvyCap Ventures.
The round also facilitated the exit of some early investors.
Singapore
The funding round was anchored by US-based Pebblebed Ventures.
The funds will be used to establish three new campuses in the US, Europe, and Dubai.
