Bombinate Technologies Private Limited announced a private placement of 5,423 series B4 compulsory convertible preference shares at a price of INR 94,193.26 per share to raise INR 510,810,048.98 co-led by returning investors Tiger Global Management, LLC for INR 164,700,000 and Accel Partners for INR 164,700,000 on November 24, 2022. The transaction included participation from returning investors Kalaari Capital Advisors Private Limited for INR 82,400,000, 3one4Capital Advisors LLP for INR 82,400,000 and Dream Incubator Inc for INR 16,500,000. The transaction has been approved by the board in a special resolution.

The round was raised at post-money valuation of INR 22,300,000,000.