Edtech startup Playshifu raised Rs 25 Cr from Trifecta Ventures Debt Fund II, Chiratae Ventures and Vistra ITCL. Survam Partners LLP, Inventus III India Fund, Bharat Innovation Fund and Star Orechem International’s CEO Abhinav Daga also participated in this round.
“With this the company’s inventory went haywire and it had to scale up production. We started stocking out in early March, but then we rammed out production plans. You know, make sure that we can capitalise on this opportunity and that’s how we accelerated some of our working capital needs and everything. So, this raise that we have done is a part of our efforts to capitalise on this demand upswing,” Vivek Goyal, cofounder and CEO of Playshifu, said