Shared mobility services firm ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/yulu” target=”_blank”>Yulu is in discussions to raise $75-80 million (about Rs 650-700 crore) in funding as it looks to capitalise on the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/quick-commerce” target=”_blank”>quick commerce growth. The Bengaluru-based firm has held talks with a few global impact funds and private equity investors, according to people in the know.
Existing backers rel=”dofollow” href=”https://economictimes.indiatimes.com/bajaj-auto-ltd/stocks/companyid-21430.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Bajaj Auto and Magna International are also expected to participate in the fundraising.
“The company is witnessing rapid growth on the back of quick commerce expansion… it has reached $30 million in ARR (annual recurring revenue),…
