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EV startup Ather seeks to raise $370 million in India IPO
Indian electric scooter manufacturer Ather Energy plans to raise about $370 million in its initial public offering, according to its draft prospectus filed on Monday (PDF), as the startup seeks to capitalize on growing demand for electric vehicles in the world’s third-largest auto market. The Bengaluru-based startup, which competes with recently listed rival Ola Electric, is targeting a valuation of $1.5 billion to $2 billion, people familiar with the matter told TechCrunch. The company said it
Sep 9, 2024
General Atlantic invests another $100 million in PhonePe
General Atlantic has poured another $100 million in PhonePe, three months after leading a $350 million investment in the Indian fintech startup that has so far raised $750 million in an ongoing financing round. Walmart-backed PhonePe disclosed the investment in a filing with the local regulator on Wednesday. A company spokesperson confirmed the investment. The […]
Apr 12, 2023
Indian EV startup Zypp Electric secures ENEOS backing to fund expansion tonSoutheast Asia
Indian startup Zypp Electric plans to use fresh investment from Japanese oil andnenergy conglomerate ENEOS to take its EV rental service into Southeast Asianearly next year, TechCrunch has exclusively learned. The company aims to be inn15 markets over the next two years. Of those 15 markets, Zypp Electric plans tonlaunch its […]
May 26, 2024
PhonePe expands new funding to $850 million
General Atlantic has poured another $100 million into PhonePe, four months after leading a $350 million investment in the Indian fintech startup that has so far raised $850 million in an ongoing financing round at the height of the slowing global economy. Walmart-backed PhonePe disclosed the investment in a statement on Monday. The ongoing round […]
May 21, 2023