The process involved 3 rounds
Round 1: DS Algo & Problem solving - Two medium level questions.
Round 2: HLD
Interview was very friendly and was able to give the requirements clearly and the discussion went well.
Round 3: Discussion with Co-founder (CTO)
In CTO round after the interview I was told since I don't have enough experience I will be given the SDE2 and CTO revealed the numbers as well. I was okay with the SDE2 role and was waiting for the offer.
Unfortunately, HR told me there is no openings for SDE 2 role and they will reach out if openings come up in future.
Though this was unexpected, overall interview process was good.