funding
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Opportunity India Desk Feb 06 2024 - 3 min readSnap-E Cabs, an EV Ride-hailing platform has raised USD 2.5 million in a Pre-Series A round led by Inflection Point Ventures. The company plans to allocate funds for talent acquisition to support growth, invest in tech upgrades and the introduction of new tech-enabled services, and expand operations into additional geographies. Rahul ...
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Opportunity India Desk Jan 30 2024 - 2 min readThe online learning platform Byju’s is planning to raise funding of USD 200 million through equity rights issue at valuation in the range of USD 220-250 million. According to sources, the company is planning to offer equity at low valuation only for this tranche of issue. “The board of Think and ...
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Priyanka Tanwer Jan 22 2024 - 10 min readThe education sector stands at the crossroads of technology. As we approach the brink of a new fiscal year, all eyes are on the upcoming interim budget, and the education industry is abuzz with anticipation and speculations. The imminent budget announcement is poised to shape the policies and initiatives that will define the ...
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Opportunity India Desk Jan 18 2024 - 3 min readInternational Battery Company (IBC)—a lithium-ion cells manufacturer for electric vehicles and plans to set up a factory in Karnataka, has raised USD 35 million. The fundraising session was led by RTP Global. The round has also seen participation from Beenext, Veda VC along with other strategic Korean and US investors and supply partners. ...
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Opportunity India Desk Dec 20 2023 - 2 min readU GRO Capital, a DataTech Non-Banking Financial Company (NBFC) specializing in micro, small, and medium enterprises (MSME) lending, has secured USD 30 million (around INR 250 crore) through the issuance of Non-Convertible Debentures (NCDs). The funding came from FMO, the Dutch entrepreneurial development bank, which fully subscribed to the INR-denominated NCDs.