Months After Laying Off 18% Workforce, Blissclub Nets INR 33 Cr

Blissclub’s board passed a special resolution on April 29 to issue 16,076 CCPS at a premium of INR 20,428 apiece to raise the funds

Post the allotment, Elevation Capital will own 24.5% stake in the D2C brand while Eight Roads Ventures own 15.79% stake

The fundraise comes months after the Bengaluru-based startup laid off 18% of its workforce, or around 21 employees, in the second week of January

Women-focussed D2C apparel brand BlissClub has raised INR 33 Cr as part of its Pre-Series B funding round led by Elevation…