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ZYPP ELECTRIC FUNDING
Zypp Electric posts Rs 455 crore revenue in FY25, up 50% YoYThe Gurugram-based company, which focused on streamlining technology, improving vehicle quality, and standardising operations over the past...- Mobility startup Yulu eyes $80 million raise riding on quick commerce buzzYulu, a Bengaluru-based shared mobility startup, is in talks to raise $75–80 million to capitalise on quick commerce growth. Backed by Baja...
- ONDC’s retail slump; Uber goes autonomousHappy Thursday! The government-backed Open Network for Digital Commerce (ONDC) has started seeing a decline in retail orders. This and more...
- Zypp Electric lays off 10% of workforce amid profitability pushIts employee strength has now come down from 1,300 to around 1,180-1,190, said a company statement. The statement termed the exercise as “r...
- Zypp Electric eyeing $25-30 million more as part of ongoing roundZypp Electric is in advanced talks to raise $25-30 million from investors led by Nuvama Wealth. Tribe Capital is participating in the ongoi...
- Rising marketing costs for stock brokers; ecomm pushes qcommHappy Thursday! New-age brokers are dealing with rising customer acquisition costs. This and more in today’s ETtech Morning Dispatch.
- VC funds, angel investors seek safeguards in spousal partnershipsIn many instances, founders often name their spouses as cofounders at the time of the inception of their venture. However, if the spouses c...
- ETtech Deals Digest: Startup funding in May rises 62% on year to $817 millionNew-age startups raised $817.2 million in May 2024, up 62% from last year, with top investor Venture Catalysts leading funding rounds for s...
- Zypp Electric raises $15 million from Japanese firm Eneos for India expansionZypp Electric confirmed funding from Eneos as part of a larger $40 million round. Existing investors like 9unicorns and IAN also participat...
- Exclusive: EV startup Zypp in talks to raise new funding from Tribe Capital at $300-350 million valuationZypp Electric seeks $40M funding from Tribe Capital for expansion and tech development. Revenue tripled in FY24. Launching $250M India fund...
- Quick-commerce grows beyond grocery; Tribe Capital’s latest India betHappy Friday! Quick-commerce platforms like Zepto, Swiggy’s Instamart, and Zomato-owned Blinkit are seeing a surge in sales for non-grocery...
- Zypp Electric to deploy two lakh vehicles in its fleet, invest $300 million for expansionThe company, which is planning to enter new cities like Mumbai, Pune and Hyderabad is targeting a revenue of Rs 500 crore this year, up fro...
- Zypp Electric deploys 2,000 electric scooters in Bengaluru, aims to deploy 8,000 more in next 2 monthsZypp Electric has deployed 2,000 electric scooters and onboarded 2,000 delivery executives in Bengaluru to expand its last-mile delivery se...
- Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024Zypp Electric, which has raised $37.5 million to date, so far deployed over 13,000 electric vehicles on the roads.
- ETtech Deals Digest: February driest month for Indian startups in a year, funding drops 84% YoYIndian startups raised 41% less money in February than in January, when they had raised $1.38 billion across 157 rounds, whereas in Februar...
- ETtech Deals Digest: Fundraising tepid in first week of February as startups raise only $338 millionAccording to data provided by market intelligence platform Tracxn, startups raised $115 million in early-stage funding and $14 million in s...
- Zypp Electric raises $25 million in funding led by Taiwanese EV maker GogoroThe round comprises $20 million in equity funding and $5 million in debt, which came from global impact fund IIX and a large national bank ...
- EV-as-a-service startup Zypp Electric announces two leadership appointmentsZypp Electric has raised $12.5 million so far from investors like 9Unicorns, Anthill Ventures, Riso Capital Fund, LetsVenture, Nanavati Fam...
- Zypp Electric expects 5-fold jump in turnover to Rs 25 cr during current fiscal yearZypp said it is now looking to close the current financial year at over Rs 25 crore, which will be five times more than the revenue of FY21...
- IAN Fund invests Rs 15 crore in e-scooter startup Zypp"We are also looking to expand our geographical footprint across NCR along with 5 other Indian cities, and then to South East Asia and Euro...
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