On August 19, 2022, Canopy Finance Limited closed the transaction. The company has issued 13,00,001 shares for gross proceeds of INR 39,000,030. The transaction included participation from Rikhav Pryush Shah for 83,333 shares, Surendra Sodhi for 166,666 shares, Ashis Mohanty for 300,000 shares, Core91 VC Fund 1 and Barun Mahansaria for 375,001 shares.

The total number of equity shares of the company has increased from 9,293,000 shares to 10,593,001 shares. The company has received In Principle approval from Calcutta Stock Exchange Limited with respect to the transaction.