On August 29, 2022, Mebigo Labs Private Limited closed the transaction. The company has amended the terms of the transaction. The company has issued 100 equity and 7,59,401 Series B1 compulsory convertible preferred shares at issue price of INR 2,205 per share.

The transaction was led by new investor The Fundamentum Partnership for INR 760 million and Paramark KB Fund, a fund managed by Paramark Ventures for INR 382 million and included participation from returning investor Krafton INC for INR 267 million. Returning investor Vertex Ventures SEA and V Cube Ventures participated with INR 96 million and INR 91 million, respectively. Other VCs and individuals such as FBC fund, 3one Capital and Tonmoy Shingal collectively contributed INR 78.7 million.

The company raised $21.8 million (INR 1743.09 million) in the transaction with INR 263.09 in its second tranche. As part of the transaction, Prateek Jain of The Fundamentum Partnership will join the company's board of directors.