The fresh proceeds will help the Delhi-based startup expand its last-mile network across Gurugram and other cities for healthcare, e-commerce, and quick-commerce deliveries.
With the raised capital, the Maharashtra-based skincare brand aims to scale its core digital business and concentrate on expanding into new categories.
With an average USD 500k entry check and follow-on investments of up to USD 1 million per firm, the Gurugram-based firm hopes to make 20 investments from Fund II.
The Ace EV is powered by EVOGEN powertrain that offers an unparalleled driving experience with a 7-year battery warranty and a 5-year comprehensive maintenance package.
As part of the new business chapter, Clean Mobility Solution India Pvt. Ltd. plans to establish a dedicated manufacturing facility in Pune to localise and indigenously manufacture its flagship product, Zbee, making it a 'Made in India' three-wheeled passenger EV for global markets.
Rangoli India Fund and G20 Portfolio are the two new funds launched by Unifi Capital, via its subsidiary UIML in GIFT City, to expand international investment opportunities.
The fresh funding will support the financing of an additional 200 megawatts (MW) of business solar projects and facilitate strategic hiring initiatives.
The future of fintech in the current times seems to be a very bright and positive prospect, simply because of the size of the market that is yet to be penetrated
According to the official release, the infused capital will be used to continue advancing The Sandbox's vision of a decentralized virtual world. It will be updating its Game Maker and VoxEdit 3D editor tools; introducing new social interactions and abilities for avatars; and expanding gameplay possibilities via its new multiplayer rules system, expected to launch in Beta later this year and to the public in 2025
Being committed to innovation and keeping its players engaged by staying aligned with the latest trends and what's happening in the world, the startup recently joined hands with Harsha Bhogle as a strategic investor