India, Sept. 15 -- AI-powered content platform Flam has raised $40 Mn (around Rs.383 Cr), via a mix of primary and secondary deals, in its Series B funding round led by QED Investors.

The round also saw participation from actor Shah Rukh Khan's family office, Claypond Capital (the family office of Manipal Group chairman Ranjan Pai), Australian Gulf Capital and a host of other angel investors including Martin Chavez and Olivier Pomel. Existing backers including RTP Global and Dovetail have also doubled down on their investment during the round.

Speaking with Inc42, Flam cofounder Shourya Agarwal confirmed that a "small portion" of the round comprised secondary capital. However, he did not disclose the size of the secondary deal, calling ...