5-month-old UpScalio discloses fundraise of $42.5 mn in Series A round

Five-month-old UpScalio, an e-commerce brand investor and operator, has disclosed that it has raised $ 42.5 million funding as part of its Series A round. The startup partners with promising digital-first brands that sell on e-commerce marketplaces including Amazon, Flipkart, Myntra and Nykaa, and helps profitably scale them 5-10x.

The funding round was led by Presight Capital and an undisclosed global hedge fund, with participation from Heliad Equity Partners, MPGI, 468 Capital and Whiteboard Capital. It saw capital commitments from a consortium of lenders including freshly-minted unicorn OfBusiness, Innoven Capital, and Alteria Capital.

Prominent angels and advisors include Suhail Sameer