FNP hires Ambit Cap for $40-mn fresh round of funding

Lighthouse Funds-backed gifting platform Ferns N Petals (FNP) is in early talks to raise up to $40 million from new investors.

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The firm has appointed Ambit Capital to help with the fundraise, two people familiar with the matter said. “The deal was soft launched about two weeks back and the talks are still in early stages,” one of the two people cited above said.