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Pandorum Technologies raises Series A fund of Rs 23 crore


Pandorum has raised approximately Rs 23 crore in a Series A round from IAN Fund, 021 Capital, 500 Startups and KITVEN fund.

By Team ABLE

According to a report filed in the Economic Times, biotechnology startup Pandorum Technologies has raised $3.6 million (approx. Rs 23 crore) in a Series A round from Indian Angel Network Fund, 021 Capital, 500 Startups and the Karnataka government backed Karnataka Information Technology Venture Capital (KITVEN) fund.

It is believed that the round also saw participation from existing backer Flipkart Group CEO Binny Bansal besides new investors like Hero Enterprise Chairman Sunil Kant Munjal in his personal capacity and IAN’s angel network too.