With this new equity infusion by the founder, Kumar’s equity investment in the company has crossed Rs 330 crore. In August 2024, Kumar had infused Rs 250 crore in Yubi
Experts say the advent of social media - led mainly by Facebook, WhatsApp and Instagram - has facilitated contact with individuals on a scale not evidenced before; counterintelligence needs to focus more on reorienting training courses; lonely men posted at remote locations are principal targets.
The firm, which had forayed into two-wheeler tyres in March last year, will not attempt to gain with price under cutting and expects profitability of the segment to continue to "remain decent".
The firm, which had forayed into two-wheeler segment in March, is also likely to start "discussing and debating" sometime next year on whether to start manufacturing the tyres on its own. It currently outsources manufacturing of two-wheeler tyres from a third party.