D2C Beauty Brand Pilgrim Secures $9 Million in Extended Series B Funding

- Pilgrim raises $9 Mn in extended Series B round led by Fireside Ventures and Vertex Ventures - Funding secured through issuance of 854 Series B1 and B2 preference shares at INR 8.77 Lakh each - Fireside Ventures contributes INR 25 Cr, Vertex Ventures INR 23 Cr, with others investing INR 27 Cr - Funds to be used for expansion and general corporate purposes - Pilgrim's FY23 revenue jumped 4.47X to INR 76.46 Cr, with losses increasing 3X YoY to INR 23.06 Cr Source: [Inc42](https://inc42.com/buzz/d2c-brand-piligrim-raises-9-mn-from-fireside-vertex-ventures-others/)