Battery Smart has closed its series A round of USD 25 million. The funding round was led by Tiger Global, along with participation from Blume Ventures and Orios Ventures, it said in a statement.
Battery Smart's fundraise comes a month after NITI Aayog published a draft policy for battery swapping, suggesting that swapping infrastructure and EV financing would continue to get government attention
Sequoia Capital said that Morgan Stanley’s unprofitable Tech Index is down 64 percent since the start of 2022, compared to a 28 percent drop in the technology-heavy Nasdaq index, further signalling a strong preference for companies who can generate cash.
Orios Venture Partners also advised founders of its portfolio companies to close deals with investors and avoid waiting for better offers as there might not be any
Healthcare, Fintech, ed-tech and interactive language entertainment are one of the big markets in small towns according to Jain
Other than Singapore's sovereign wealth fund- GIC and venture capital Norwest Venture Partners (NVP) this year, the company has previously raised about Rs 100 crore through two rounds of funding from Indigo Monsoon, Mitsui and NVP.