Sunday, April 14, 2024
Outlook India
Outlook Business

Infoedge Ventures

The company stated that the latest round of investment will fuel the company’s continued product development and bolster its sales, marketing, and customer success initiatives.

Existing investor InfoEdge Ventures also participated in the fundraise

The four-year-old company currently claims to have established a network of over 350 buses serving more than 500 cities in India

With the fresh round of funding, the four-year-old company aims to expand into new cities and ramp up its fleet capacity

The global start-up ecosystem saw a significant course correction in 2022, receiving around $24 billion in equity capital, down from a record $42 billion in 2021

DAOL Investment and Audacity Ventures led the extension round, with existing investors InfoEdge Ventures, Mistry Ventures, Survam Partners participating in the round