India
The funding also saw participation from angel investors.
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Singapore
Taiwania Hive Ventures anchored the funding round.
The funds will be used to expand across multipled Indian cities.
The company will deepen its operating footprint to support more global publishers.
The funding will be used to expand Aivar’s presence across India, the US, and Middle East.
The funds will be used to accelerate product development.
The funding also saw participation from Asiana Fund and a clutch of existing investors.
The capital proceeds will be used to expand local collections across more than 20 new countries.
Furlenco will use the funds to deepen presence in existing cities and expand into new markets.
The facility brings Candi’s total capital raised to over $200 million.
