India, April 27 -- Semiconductor startup Morphing Machines has raised about Rs.42 Cr (about $4.4 Mn) in the second tranche of its Series A funding round to close the fundraise at Rs.80 Cr. The Indian Institute of Science  (IISc)-incubated startup has raised the second tranche of the Series A round from Hero Enterprise's venture arm Hero Enterprise Partner Ventures, Colossa Ventures and Navam Capital.

According to the startup's MCA filings accessed by Inc42, its board approved the issuance of 2.10 Lakh Series A compulsorily convertible preference shares (CCPS) of face value Rs.10 each at a premium of Rs.1,979 per share to Hero Enterprise Partner Ventures, Colossa WomenFirst Fund, and Navam Venture Fund I. 

Prior to this tranche...