Over the past eight years, the Mumbai-based firm claims to have invested in over 500 (till March 2024) startups diversified into over 40 sectors and covering over 650 districts in India.
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.
The Gurugram-based platform aims to deploy the raised funds to expand its fleet from 21,000 to 200k electric scooters and extend its services to 15 cities across India by 2026.
The fund will invest in early and growth stage companies with ticket sizes ranging from INR 2 crore to INR 8 crore in early stages and INR 15 crore to INR 40 crore in growth stage series A and B rounds.
The company plans to build on its technology front, develop marketing channels, implement other growth initiatives and managing the working capital requirements of the firm with the funding