Ola Electric raises Debt of $100 Mn from Bank of Baroda

Ola Electric, an Indian Electric Vehicle unit of ANI Technologies Pvt. Ltd., is raising US $100 Mn. from the Public Sector Undertaking, Bank of Baroda (BOB). This is termed the largest long-term debt financing agreement in the Indian EV industry. The reason behind this debt is to partially finance the first phase of construction of the world’s largest electric two-wheeler...

CRED surge $215 Million in its Series-D funding round and entered Unicorn Club

Fintech start-up CRED has completed its Series-D funding round with $215 Mn. This round is led by the existing investors Coatue Management and a newly added investor Falcon Edge Capital. This round surge the valuation of the credit card payment platform CRED at $2.2 Bn which is more than twice as compared to January this year. The company will also...

Amazon acquire retail-Tech start-up Perpule

E-commerce giant Amazon has acquired retail-based, tech-start-up Perpule. As per the regulatory files by Perpule, Amazon has paid Rs. 107.6 crore in all cash for acquisition. According to a Mint report, Amazon is expected to pay around Rs. 42.4 crore to the employees of Perpule as an extra remuneration which increases the total deal amount to Rs. 150 crores.    Till...

Dream11 Parent Co. gained second-round funding of $400Mn. before IPL

Bengaluru-based Dream sports, which owned online fascinate sports platform Dream11, has begged a US $400 Mn. in its second round. This led the company valued at US $5 Bn. which is nearly double the value in a small span of six months from its last funding of US $225 Mn in September 2020. This round of funding is initiated...

EV start-up Euler Motors raises Rs. 30 Crores in ongoing series-A Funding Round

New Delhi-based Electronic Vehicle start-up Euler Motors bags Rs. 30 crores in its on-going series A funding round. This news was announced by the company on 4-March-2021. This round is led by Bangalore-based Inventus capitals and Singapore-based Jetty ventures, followed by existing investors Sujeet Kumar, co-founder of Udaan, and new investors Ganesh Krishnan and Anumolu from Growth story. Till now, the...

ideaForge-Mumbai based Drone start-up funded Rs. 15 Cr. from BackSoil after Bags $20 Million order from Indian Army

A Mumbai-based drone manufacturing start-up ideaForge has been funded by an independent advisory firm BlackSoil. The amount of the fund is Rs. 15 Crores which is served in a venture debt round. The funds will be used to meet the working capital requirements of the company to service its large order book, as said by the company. This news comes after...

India’s leading fintech BharatPe Secure $108 Million in Series-D round

One of India's leading fintech companies dealing in UPI payments and digital money, BharatPe, has raised another US $108 Million in a Series D equity round. In series D round, New York-based Coatue pumped US $60 Million, Ribbit Capital US $10.2 Million, Grace Software US $10 Million, Steadview US $4.6 Million, Amplo US $2.64 Million and Beenext US $2.5 Million...

Before IPO Zomato raised another $250 Million.

The 13 years old online food delivery platform Zomato has raised another $250 Million from its existing and new investors.Zomato acquires full stakes of sports platform Fisto for 100 crores.Uber eats sold its 100% stake to Zomato in exchange for 9.99% stakes of Zomato in Jan-2021. As per the latest filing by Info Edge (a publicly listed investor in Zomato),...

EV Logistics Platform eBikeGo has Raised $1.5 Million in Pre-series A Round Funding

Mumbai-based EV platform eBikeGo has raised $1.5 million in funding from a group of overseas and Indian investors.eBikeGo is a start-up and started its services in 2019 to provide environment-friendly means of transportation to B2C and B2B clients in the market. For B2C the company partners with franchisee owners, NBFCs, and OEMs through asset leasing models in which anyone can...

B2B2C Service Marketplace Quicqo Bags Undisclosed Amount From Pune Based Investor

“The b2b2c services startup will use the funding to scale its team, consolidate technology and expand reach in multiple geographies.” On Wednesday, the Faridabad-based b2b2c services startup announced that it has raised an undisclosed amount led by Pune based MB Holdings.  Founded in 2017 by Mohit Chaudhary and Manish Kaushik, Quicqo is one of the prominent players in the services industry,...