Exclusive: Mad Over Buildings To Raise ₹30 Cr To Enter New Cities

by · Inc42

SUMMARY

  • Mad Over Buildings (MOB) has signed a term sheet to raise ₹30 Cr (about $3.5 Mn) in a round led by an institutional investor
  • The round, which will give the startup a post-money valuation of ₹180 Cr (about $18.7 Mn), will also see participation from existing investor SIG Tattva. 
  • Plans to deploy the fresh capital towards geographic expansion, technology enhancement, and strengthening its credit-led procurement ecosystem.