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Gurgaon-based Indian electric vehicle startup Zypp Electric has secured $15 million in funding from Japanese energy firm ENEOS Corporation. The funding is part of Zypp Electric's ongoing Series C round, which aims to raise a total of $50 million, split into $40 million in equity and $10 million in debt. This investment values Zypp Electric at approximately Rs 2,200 crore (close to $270 million). The funds will be used to expand Zypp Electric's operations in India and Southeast Asia. Other investors in the Series C round include 9Unicorns, IAN Fund, Venture Catalysts India, and WFC. Zypp Electric operates as an EV-as-a-service platform.
🚨Today in Tech 3 One quick thing: Nazara Technologies promoter sells 6.38% stake to Plutus Wealth In today’s newsletter: Prosus chief eyes Swiggy-Delivery Hero synergy Infosys looks to bid for Govt’s KYC repository Yellow .AI develops desi LLMs + Bernstein downgrades…
ETtech #Top5 | #Stock gaming apps under @SEBI_India scanner; ETtech Done Deals Also in this letter: ■ Nazara Tech promoter sells 6.38% stake ■ @elonmusk's xAI raises $6 billion ■ How much cyber fraud cost Indians https://t.co/vuDJZnHsQ3
#TechWithMC | #Nazara Technologies decided to sell some stake to an existing #investor to get some liquidity. Here's what company's founder @mittersain said 🔽 https://t.co/cYSMQaRNEh #Technology #AI #Q4 #FY24Results
