Blitzscale which is a Bangalore based social commerce, WMall, has now secured $8.9 million in the funding round of Series B from the new investor SAIF Partners, and some other exiting investors Chiratae Ventures and VH Capital.
The Bangalore based company issued around 20 equity shares and 6501 preference shares at INR 98185.04 per piece, said the announcement.
The company, as of now, has plans to use the funds for the growth of the company and business development.
The company which is founded by the Rishabh Verma, Anubhav Singh, and Harmin Shah. It is a vernacular B2C platform for the women in the Tier –I and Tier-II cities and sells all the home essentials, home décor, apparel, and lifestyle products.
Social Ecommerce platforms such as Meesho, Glowroad, SimSim are WMall’s peers.