Fleeca India Private Limited announced that it has signed memorandum of understanding with new investor Innovana Thinklabs Limited (NSEI:INNOVANA) for private placement of 4,167 common shares at a price of INR 3,561 for gross proceeds of INR 14,838,687 in its pre-series A round of funding on December 12, 2018. The existing shareholders had renunciated their rights.