Music licensing platform Hoopr raises funds in extended pre-Series A round

Music licensing platform Hoopr has raised Rs 4 crore in the first tranche of its Pre-Series A round led by Inflection Point Ventures (IPV) along with participation from multiple family offices and existing investors.

Furthermore, Hoopr is engaged in advanced talks with several investors to raise more capital in this round. This round values the company at Rs 160 crore post-money and brings its total capital raised to Rs 18 crore. 

The proceeds will be used to accelerate the expansion of Hoopr Smash, strengthen product innovation, scale talent, and…