Ather Energy, a Bengaluru-based electric vehicle (EV) startup, has emerged as a significant player in India’s rapidly evolving EV landscape. Founded in 2013 by IIT Madras alumni Tarun Mehta and Swapnil Jain, Ather has been at the forefront of designing and manufacturing intelligent electric scooters, notably the Ather 450 series. Financial Performance In the fiscal…
Read moreAs usual, we will cover the unicorns and the mega deals first. And the next unicorn is Lead School became the third unicorn for the year, with a 740 cr funding from WestBridge and GSV at a valuation of 8135 cr. Mega deals this week WayCool raised a 870 cr series D round including a…
Read moreTiger deals this week The unicorn stories for 2021 is not yet over, this week we saw 3 more joining in the party. First is Upstox raising 185cr from Tiger at a valuation of 25330cr joining the likes of Zerodha in the year of unprecedented new investors coming into the market. Second was Spinny with…
Read moreStrategic acquisitions The week of Oct 14-22 saw both funding and some significant strategic acquisitions involving unicorns. Largest was of course Cred raising 1882cr in Series E pushing its valuation even higher to 30750cr. Cred also made news with its plan to enter the wallet space with the acquisition of Hipbar. Pharmeasy raised 1536cr from…
Read moreUnicorns First comes the unicorns, Ola Electric raises Rs 1,485cr led by Falcon and SoftBank at Rs 22,275cr valuation, Meesho raises Rs 4,235cr in Series F round; valuation doubles to Rs 36,407cr, Tiger Global leads Rs 1,486cr in Series F round in OfBusiness at Rs 22,290cr valuation and a new unicorn add Vedantu joins unicorn…
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