Vecmocon To Raise $8.7 Mn From Aavishkaar Capital, Others

Vecmocon Technologies is set to raise INR 74 Cr (around $8.7 Mn) in a funding round led by Aavishkaar Capital and existing backers Ecosystem Integrity Fund (EIF) and Blume Ventures

Vecmocon will raise INR 50.4 Cr by issuing new shares, according to its regulatory filings

On the secondary side, early investor Tessellate Tech Ventures is exiting fully, selling its 2.97% stake for INR 15.85 Cr. Notably, Tessellate originally invested INR 1.5 Cr, making a return of over 10X.

EV intelligence startup Vecmocon Technologies…