Social commerce platform CityMall has raised Rs 574 crore or $75 million led by Norwest Venture Partners and participated by other new and existing investors. This would be the third funding round for the Gurugram-based firm in a year.
CityMall has approved the allotment of 1 equity share and 11,771 preference shares at an issue price of Rs 458,716 per share to raise Rs 574 crore or $75 million, regulatory filings show. Norwest Capital and Citius Fund are the largest investors in this round with Rs 142.52 crore and Rs 112.52 crore investment respectively. Jungle Venture, Elevation Capital, AM Holding, General Catalysts, Waterbridge Ventures and Accel have Rs 90 crore, Rs 60 crore, Rs 56.2 crore, Rs 30 crore and Rs 22.5 crore respectively.