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Ather Energy is also finalising plans to raise USD 75-90 million (about INR 750 crore) in primary funding from existing investors, according to the people. This underscores increasing investor interest in the company and the mobility segment, they said. New investors are also being approached.
The rapid food delivery platform is to raise tens of millions of pounds more from shareholders to fund its withdrawal from the UK, Germany and the Netherlands, Sky News learns.
Investors in grocery delivery app Getir, which at one point attained a valuation of almost £10bn, are reportedly set to inject yet more money into the company to fund its exit from the UK and Europe.
Piyush Gupta is a managing director at Peak XV Partners, based out of Singapore. While he is not directly involved in making investments for the fund, he led the team which helped the firm's portfolio companies in several aspects including fundraising, mergers and acquisitions.
Great investing minds are thinking alike when it comes to one AI pioneer.