Yulu To Raise $8.2 Mn From Cofounders Via Rights Issue

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SUMMARY

Yulu is raising INR 70 Cr (about $8.2 Mn) from its cofounders and existing investors via a rights issue

Yulu’s board passed a resolution to allot 5,004 Series B3 CCPS for INR 1,41,226.3 apiece to its existing shareholders, including cofounders and key investors Bajaj Auto and Magna International

Among the cofounders, Amit Gupta will invest INR 28.2 Cr and Hemant Gupta, Naveen Dachuri, and Rajendra Kumar Mishra will infuse INR 14.1 Cr each

Electric mobility startup Yulu is raising INR 70 Cr (about $8.2 Mn) from its…



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Yulu To Raise $8.2 Mn From Cofounders Via Rights Issue


SUMMARY

Yulu is raising INR 70 Cr (about $8.2 Mn) from its cofounders and existing investors via a rights issue

Yulu’s board passed a resolution to allot 5,004 Series B3 CCPS for INR 1,41,226.3 apiece to its existing shareholders, including cofounders and key investors Bajaj Auto and Magna International

Among the cofounders, Amit Gupta will invest INR 28.2 Cr and Hemant Gupta, Naveen Dachuri, and Rajendra Kumar Mishra will infuse INR 14.1 Cr each

Electric mobility startup Yulu is raising INR 70 Cr (about $8.2 Mn) from its…



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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