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Alongside equity, the company has also raised debt from strategic partners such as Stride Ventures and BlackSoil Capital

The funds will be utilized to increase iMocha's skill library selection, reach more global enterprises and widen its partnership base within the HR tech ecosystem

The company plans to utilize the funds towards expanding its global presence and setting up new NFT design and research labs in Singapore and Japan

The brand is in talks with multiple investors to raise somewhere around $3 million to $4 million worth of funding within the next 3-4 months