Another $42.5 Mn win for Thrasio-style model, as UpScalio raises Series A


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UpScalio, an e-commerce roll-up company, said it has scooped up $42.5 million in Series A funding, highlighting the new investor rush towards the Thrasio style-business model in India. The UpScalio financing round was led by Presight Capital and an undisclosed global hedge fund, with participation from Heliad Equity Partners, MPGI, 468 Capital, Whiteboard Capital.