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ZOOMCAR DEBT
Zoomcar to launch cab rental product in India to test demand in larger marketZoomcar is launching a chauffeur-driven cab rental service in Bengaluru, India, expanding beyond its self-drive model. Facing competition f...- Zoomcar raises $9.15 mn from institutional investorsSelf-drive car-sharing platform Zoomcar on Friday said it has raised USD 9.15 million (about Rs 76 crore) from institutional investors. The...
- Zoomcar implements debt restructuring for the next long driveZoomcar is actively restructuring its debt to reduce obligations of $31 million by June 30, 2024. The company has negotiated with lenders a...
- Former BharatPe COO Dhruv Bahl launches venture fundFormer BharatPe COO Dhruv Dhanraj Bahl launches venture capital fund, Eternal Capital. The fund plans to raise Rs 120 cr with a greenshoe o...
- Zoomcar seeks US listing through $456 million SPAC dealThe Bengaluru-based startup expects to list on the Nasdaq as Zoomcar Holdings Inc after being acquired by Innovative International Acquisit...
- Bollywood & cricket kindle NFT fire; IT firms go all out to retain talentNon-fungible tokens have been all the rage this year, but sales have been slow in India.
- Zoomcar gets $92 million in SternAegis-led roundThe funding comes ahead of the company’s proposed plans to list in the US via a SPAC listing over the next nine to 12 months.
- ET Startup Awards 2021, Oyo files for $1.2B IPO, and moreFrom the ET Startup Awards 2021 to 28th Indian startup unicorn of 2021 and Oyo’s long-awaited IPO filing, it’s been an action-packed few da...
- The rise of startup advisors and micro ecommerce sitesHomegrown startups such as Zoomcar and Wakefit.co are hiring top talent from India and around the world to help them unlock the next level ...
- Covid-19: Anxieties, life hacks and takeaways from India’s CEOs who are navigating uncharted territoryAn unprecedented business crisis looms. And no one can see light at the end of the tunnel. “The world is staring down the barrel of a reces...
- Ola to launch self-drive service, to invest $500 millionOla to deploy nearly 10,000 cars, including luxury sedans and SUVs, in major cities in the coming months.
- Stocks in the news: PSU banks, Bharti Airtel, Indiabulls Real Estate, Jet Airways and Tata MotorsHere's a look at the top stocks that may hog the limelight in today's session:
- Alibaba Group backed eWTP Fund allies with Ganesh Ventures fund for first close of $30 millionThe India-focussed fund seeks to build a strong network between Indian entrepreneurs and Chinese investors and entrepreneurs.
- Self-drive car rental startup Revv raises $9 million in equity and debt financingFounded in 2015 by Agarwal and Karan Jain, both formerly with McKinsey, Revv is currently present in four cities across the country – Delhi...
- Furlenco raises Rs 200 crore in debt and equity financing in new funding roundThis is the third investment in the country by Axis Capital Partners, which had earlier backed fin-tech venture uTrade and online marketpla...
- Voonik raises $3 million in venture debt financing from Temasek-backed InnoVen Capital“Voonik is an ecommerce 2.0 company… It’s a leaner version of how ecommerce can be done in India,” said Vinod Murali, managing director, In...
- Startups like Zoomcar, MobiKwik opt to borrow money to meet working capital needs as investors become cautiousWhile entrepreneurs see venture debt as an additional source of capital, the shift points to a growing wariness among investors about start...
- InnoVen Capital plans to expand operations to other Asian marketsThe firm, which invests from its own balance sheet, has earmarked extending credit of up to $50 million (about Rs 320 crore) in the current...
- Self-drive car rental company Zoomcar has closed $11 million in fundingSelf-drive car rental company Zoomcar has closed $11 million in funding from Nokia Growth Partners and existing investors Sequoia Capital a...
- InnoVen Capital eyes doubling loan commitment in 12-15 monthsThe firm, now under the control of Singapore's Temasek, provides debt financing to venture capital-backed early-stage and mid-growth compan...
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