Mobility startup Yulu eyes $80 million raise riding on quick commerce buzz

April 22, 2025

, By The Economic Times

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Shared mobility services firm Yulu is in discussions to raise $75-80 million (about Rs 650-700 crore) in funding as it looks to capitalise on the 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 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),…

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Mobility startup Yulu eyes $80 million raise riding on quick commerce buzz

April 22, 2025

, By The Economic Times

Shared mobility services firm Yulu is in discussions to raise $75-80 million (about Rs 650-700 crore) in funding as it looks to capitalise on the 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 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),…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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