Yulu in Talks to Raise $80M to Scale Quick Commerce and Last-Mile Delivery Operations

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Electric mobility startup Yulu is reportedly in advanced discussions with multiple investors and institutions to raise $75-80 million in a new round of funding, as the company looks to capitalise on the surging demand in quick commerce and hyperlocal delivery segments. This development, first reported by The Economic Times, comes as part of the startup’s ongoing $100 million Series C funding plan, announced in October 2024.

The funding round is expected to be a mix of debt and equity, according to Yulu, which is backed by Bajaj Auto Ltd. and…



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Yulu in Talks to Raise $80M to Scale Quick Commerce and Last-Mile Delivery Operations


Electric mobility startup Yulu is reportedly in advanced discussions with multiple investors and institutions to raise $75-80 million in a new round of funding, as the company looks to capitalise on the surging demand in quick commerce and hyperlocal delivery segments. This development, first reported by The Economic Times, comes as part of the startup’s ongoing $100 million Series C funding plan, announced in October 2024.

The funding round is expected to be a mix of debt and equity, according to Yulu, which is backed by Bajaj Auto Ltd. and…



Source link

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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