10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
LogisticTech

Uber To Invest $20 Mn In Fleet Management Startup Everest Fleet


SUMMARY

Uber is set to infuse $20 Mn (about INR 177 Cr) in the fleet management platform Everest Fleet

Everest Fleet plans to deploy the fresh capital to meet general operating needs, working capital requirements, capital expenditure and to expand the business operations

This marks Uber’s second investment in the startup in less than a year after investing $30 Mn in the startup’s Series C round in September 2024

Ride-hailing major Uber is set to infuse $20 Mn (about INR 177 Cr) in the fleet management platform Everest…



Source link

by INC42

SUMMARY The company had reported a profit of INR 10.2 Cr in the year-ago quarter and INR 91.1 Cr PAT in Q1 FY26 Operating revenue grew 17% YoY and 12% QoQ to INR 2,559.3 Cr Total expenses zoomed 18% YoY to INR 2,708.1 Cr Logistics major Delhivery slipped into red in Q2 FY26, reporting a net loss of INR 50.5 Cr compared to a profit of INR 10.2 Cr in the year-ago quarter, as the integration of Ecom Express impacted the bottom line. The company had reported a profit of INR 91.1 Cr in preceding Q1 FY26.  Operating revenue grew… Source link

by INC42

SUMMARY Shadowfax plans to raise up to INR 2,000 Cr ($225 Mn), split evenly between a fresh issue and an offer-for-sale component via IPO More than half of the proceeds will be channelled into network expansion, with around INR 562 Cr earmarked for building infrastructure and leasing new first and last-mile centres Quick commerce is where our business growth is. Still nascent, we were able to scale this offering to 50 Lakh orders per day: Shadowfax CEO Flipkart-backed ShadowFax is positioning itself to become the country’s… Source link

by INC42

Delhi NCR-based logistics aggregator Shiprocket has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). According to the latest processing status data on the SEBI website, the regulator issued observations to the company on October 31.  In SEBI’s parlance, issuance of observations is a nod to proceed with the public issue. Shiprocket filed its pre-IPO papers in May 2025 through the confidential route.  The company is reportedly planning to raise around INR 2,000 Cr to… Source link