Tuesday, March 05, 2024
Outlook India
Outlook Business

Mumbai Angels

On the inaugural day, Start-up Odisha will formalise strategic partnerships by signing MoUs with investment firms like Equanimity Ventures and Sanchi Connect

It will use the fund to kickstart deliveries of the newly launched Rorr electric bike and fulfill the existing orderbook in addition to increasing production capacity and enhancing distribution network

This fundraiser is a part of the larger round the company is raising spearheaded by Mumbai Angels, Hyderabad Angels, Speed Fund, GetVantage, Finnvolve and angel investors

The funds raised by ixamBee from Inflection Point Ventures will be utilised in marketing, content development and technology

In FY 2021-22, Mumbai Angels Network made investments worth Rs 100 crore

Prior to this, the ride-hailing start-up bagged a $100 million credit line to purchase 7,000 electric vehicles

The early-stage technology-focused fund will invest in Knorish, a creator monetisation platform in a pre-series A extension round

The pre-series A investment round was co-led by Pentathlon VC and the Chennai Angels and the funding round saw the participation from T-Fund, Purvansh Holdings, Mumbai Angels and Hyderabad Angels and some other global investors