NEWME To Raise $12 Mn From Point72 Ventures, Accel

Existing investors Accel and Fireside Ventures will double down on their investments, alongside New York-based investment firm Point72 Ventures

While it was last valued at $75 Mn, the new funding is expected to value NEWME at around $100 Mn to $120 Mn

Notably, NEWME also recently raised a debt of INR 7 Cr from Innoven Capital India Fund II and INR 6 Cr from Stride Ventures Debt Fund 3

Women-focussed fast-fashion brand Newme is in discussions with investors to raise $12 Mn (about INR 107.3 Cr) in its Series B funding…