Deepika Padukone’s 82°E Set to Raise Rs 50 Crore in Seed Extension Round

Deepika Padukone-founded D2C personal care start-up 82°E is looking to raise ₹50 crore ($6 million) in an extension of its seed round as its first investment round for the year

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Deepika Padukone’s 82°E Set to Raise Rs 50 Crore in Seed Extension Round

Deepika Padukone-founded D2C personal care start-up 82°E is looking to raise ₹50 crore ($6 million) in an extension of its seed round as its first investment round for the year

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The capital infusion will be completed through the participation of former and new investors.

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The capital raise infusion is planned to be utilized for purposes of company expansion, growth and other corporate functions.

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An earlier 82°E up to December 2022, has negotiated for $7. Three million dollars in its first seed funding round from DSG Partner and IDEO Ventures and another two million from the same.

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The Padukone family owning 59 percent of the company share and hence the name Modi Nadar Films as proposed by the Modi Nadar group.

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While Bhushan Kumar of T-Series owns 6% stake in the company, actor Ranveer Singh is the second largest with 5%. 32% in the company.

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