Shark Tank India-backed P-Tal to raise fresh funds in pre-Series A round

Kitchenware and home decor brand P-TAL is raising Rs 23 crore (approximately $2.7 million) from Rainmatter Capital, Anicut Capital, Venture Catalyst, RealTime Angel Fund, and 14 other investors.

P-Tal featured in Season 3 of Shark Tank India and secured Rs 1 crore funding from Aman Gupta, Anupam Mittal, Amit Jain, Namita Thapar, and Vineeta Singh.

The board at P-Tal to issue pre-Series A compulsory convertible preference shares to raise the aforementioned amount, its regulatory…