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Exclusive: Grapevine set to raise Series A led by Kae Capital

EntrackrEntrackr · 4d ago
Exclusive: Grapevine set to raise Series A led by Kae Capital
Medial

**Exclusive: Grapevine set to raise Series A led by Kae Capital** Anonymous social media platform Grapevine is set to raise Rs 33.86 crore (around $3.8 million) in its Series A round, led by Kae Capital, with participation from Peak XV Partners and Unilazer Ventures. According to the company’s latest regulatory filing with the Registrar of Companies (RoC), the board has approved a special resolution to issue 44,325 Series A preference shares at a price of Rs 7,599.5 per share, to raise the aforementioned amount. As per the filing, Kae Capital will invest Rs 18 crore, while Peak XV Partners and Unilazer Ventures will contribute Rs 7 crore and Rs 8.6 crore, respectively. The company plans to deploy the funds toward expansion and overall business growth. According to Entrackr’s estimates, the fresh funding will value the company at a post-money valuation of around Rs 150 crore ($17 million). Following this transaction, Peak XV Partners will command a 20.77% stake, while Kae Capital and Unilazer Ventures will own 11.97% and 5.69%, respectively. Meanwhile, Grapevine’s co-founders, Jainam Dinesh Talsania, Shreeyash Nitin Dharmadhikari, and Saumil Sanjai Tripathi, will collectively retain 48.78% ownership in the company. Prior to this round, Grapevine had raised $2.6 million in its seed round, led by Peak XV Partners, which had picked up a little over 20% stake at the time. Entrackr had exclusively reported that development as well. Founded in early 2023, Grapevine enables unrestricted and anonymous discussions across topics such as career, finance, professional experiences, and personal matters. The platform claims to have a thriving community of over 30,000 members, largely comprising professionals from tech companies and startups. The company competes to an extent with FishBowl, Blind, Together, and Reddit, all of which operate in the anonymous professional networking and discussion space.

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