Ola Electric Raises $100 Million in Debt Funding from Bank of Baroda to Accelerate Production of its Electric Two-Wheelers

pic courtsey:https://www.rushlane.com/ola-electric-scooters-newzealand-12386232.html

Ola Electric, the EV focused segment of Indian ridesharing giant Ola, announced it has raised USD 100 million in debt from Bank of Baroda. Ola Electric, that focuses on electric scooter manufacturing and selling, will be using this fund in its EV manufacturing facility to make over 10 million electric scooters annually. Ola Electric and… Continue reading Ola Electric Raises $100 Million in Debt Funding from Bank of Baroda to Accelerate Production of its Electric Two-Wheelers

Indian Furniture Rental Startup Furlenco Closes $140 Million in a Series D Round to Expand its Presence beyond South Asian Market

pic courtsey:: https://entrackr.com/2021/07/furlenco-raises-140-mn-in-series-d-led-by-zinnia-global-fund/

Furniture and appliance rental startup Furlenco, on Monday, announced it has raised USD 140 million in the latest round of funding. The Bangalore-based startup said it would be using the funds to expand its presence across the international markets and scale up its operations in the South Asian region. The new Series D round of… Continue reading Indian Furniture Rental Startup Furlenco Closes $140 Million in a Series D Round to Expand its Presence beyond South Asian Market

Loco Raises $9 Million In Funding Round Led By Krafton

pic courtsey: https://entrackr.com/2021/06/loco-raises-9-mn-seed-round-led-by-krafton-and-lumikai/

In a funding round, led by Krafton, which distributes PUBG in India, and gaming media fund Lumikai, video game streaming platform Loco has raised $9 million. Hiro Capital, Axilor Ventures, and 3one4 Capital were also part of the investment round. Incidentally, Krafton, a South Korean gaming company, is making its first investment in India. The… Continue reading Loco Raises $9 Million In Funding Round Led By Krafton