Supertails to raise $25 mn in Series B round

Deepika Padukonebacked petcare marketplace Supertails is in talks to raise $25 million (about 200 crore) from new and existing investors as part of its Series B funding.

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The company is in talks with investors including RPSG Capital Ventures, the venture capital arm of the RPSG Group, to raise the capital at a valuation that ranges from $350-400 million, three people with knowledge of the development said.

The company, that has been growing exponentially in the last 12-18 months is looking to top up on capital as it enters new categories for petcare, one of the persons with direct knowledge of the company's plans said.