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VC leading Bolt’s hoped-for $450M deal confirms he’s offering ‘marketing credits’
Ashesh Shah, the founder and CEO of The London Fund is, as you might imagine, bullish on Bolt. The London Fund is a U.K. venture firm with “over $1 billion in cash and assets” in AUM that is leading a proposed $450 million raise for Bolt, a one-click checkout startup that has been embroiled in a number of controversies over the years. But all that isn’t deterring Shah, who describes the term sheet that is in play for Bolt as “a fabulous transaction about a company that we believe has a lot more
Aug 21, 2024
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
Morgan Stanley, BP Ventures back Indian e-mobility startup Magenta
Indian electric mobility startup Magenta Mobility has closed a $22 million Series A1 round, backed by $11 million each from Morgan Stanley India Infrastructure and BP Ventures. Magenta will use the all-equity investment to boost its existing logistics and last-mile delivery fleet operations. The Navi Mumbai-headquartered startup has a fleet of 800 three-wheeled electric cargo […]
Apr 5, 2023
Ola Electric seeks to raise $662 million in India IPO
India’s Ola Electric seeks to raise $661.8 million by selling new shares in an initial public offering, the six-year-old Bengaluru-headquartered startup said in draft papers filed with the country’s market regulator on Friday. The paperwork for the initial public offering follows Ola Electric raising $384 million from Temasek and Indian government-backed lender State Bank of India […]
Dec 22, 2023