Everest Fleet raises ₹251 crore from Uber to expand operations
System User, Published on Sep 19th, 2024
Everest Fleet has raised ₹251.7 crore (about $30.1 million) from existing investor and ride-hailing major Uber via a preferential issue of shares. Everest Fleet’s board approved issuance of 13,726 Series C CCPS to Uber India to raise ₹251 crore. The startup plans to utilise the fresh funds to expand its business operations and meet its working capital requirements.
Read Full Article ...