Grapevine, an anonymous social media platform, has raised its seed round, which was organized by Peak XV Partners. The startup's initial round was held in Bengaluru. In order to raise Rs 21.36 crore ($2.6 million), the board of Grapevine passed a special resolution to issue 33,333 series seed CCPS at an issue price of Rs 6408.46 each, according to a regulatory filing with the RoC. With a contribution of Rs 20.53 crore, Peak XV Partners took the lead in this round. Riverwalk Holdings contributed Rs 82.15 lakh. The Thakral Group serves as the fund's main anchor and focuses on industries like SaaS, fintech, and consumer.

According to startup data intelligence platform TheKredible, Grapevine has been valued at around Rs 95.3 crore or $11.62 million (post allotment). Following the investment, Peak XV has acquired 21.55% of Grapevine while its co-founders Saumil Tripathi, Jainam Talsania, and Shreeyash Dharmadhikari cumulatively hold 65.17%, including ESOPs. Founded in early 2023, Grapevine focuses on unrestricted and anonymous conversations on career, finance, professional and personal lives. It claims that more than 30,000 members from tech companies and startups use the platform.

The company competes with Hood (formerly Zorro) and, to some extent, with FishBowl, Blind, and Reddit. Founded by Jasveer Singh, Deepak Kumar, and Abhishek Asthana, Hood raised $3.2 million in a seed round from 3one4 Capital, Eximius Ventures, and Root Ventures in 2021. The firm was backed by more than 15 unicorn Founders, such as Jayanti Kanani, Vijay Shekhar Sharma, Ritesh Agarwal, Kunal Shah, Ankiti Bose, Ashneer Grover, and Lalit Keshre. Recently, Khatabook's Former Executive, Virender Singh Kainth, launched a similar platform called Together.