lastmile delivery company, based from Mumbai, has raised INR 9.00 Cr from SIDBI Venture Capital.

Published On : Mar 2019

Maharashtra State Social Venture Fund which is managed by SIDBI Venture Capital invested in the food delivery startup that has now branched out into other last mile segments.

Grab a Grub Services Private Limited, the company that operates under the brand has allotted 10 equity shares of ₹10/- each at a premium of ₹19,219.67 each and 89,807 debentures of ₹1000/- each on January 20, 2018.

According to filings, the debentures will convert into 4,760 equity shares within a maturity period of 5 years.