Everest Fleet raises ₹251 crore from Uber to expand operations

System User, Published on Sep 19th, 2024

Everest Fleet raises ₹251 crore from Uber to expand operations

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.

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