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

E-commerce Major Flipkart Raises $3.6 Billion in a new Funding Round, Market Valuation Hits $37.6 Billion

pic courtsey:https://www.supermarketnews.com/retail-financial/walmart-completes-acquisition-india-s-flipkart

On Monday, Indian e-commerce giant Flipkart announced it has raised USD 3.6 Billion in the latest round of financing that was led by GIC, Softbank Vision Fund 2, Canada Pension Plan Investment Board, and Walmart. The new round of funding is one of the largest financing round for any Indian startup until now and the… Continue reading E-commerce Major Flipkart Raises $3.6 Billion in a new Funding Round, Market Valuation Hits $37.6 Billion

Tech Giant Microsoft Hits $2 Trillion M-Cap, Becomes Second Company after Apple to Join the $2 Trillion Club

On Wednesday, tech giant Microsoft Corporation made history by becoming the second U.S.-based publicly traded company to reach a market valuation of USD 2 Trillion, with investors betting the company’s cloud computing and enterprise software dominance will increase further as the world adjusts to a hybrid and remote workspace. On Tuesday, shares of Microsoft rose… Continue reading Tech Giant Microsoft Hits $2 Trillion M-Cap, Becomes Second Company after Apple to Join the $2 Trillion Club