Augmented reality startup PlayShifu has raised Rs 124 crore in its Series B round of funding, valuing it at Rs 480-500 crore. While the round was led by Inventus Capital, the other investors in the round include Inflexor Ventures, Chiratae Ventures, and Bharat Innovation Fund. PlayShifu co-founder and CEO Vivek Goyal told Moneycontrol that the funds will be used for product and geographical expansion.