Pawan Munjal | Pixr8 News

19Jun By AnkitaNo Comments

FUNDING

Car servicing startup GoMechanic Raises funding from Pawan Munjal

New Delhi, Jun 18, 2020: Hero MotoCorp Chairman Pawan Munjal invests in Car servicing startup GoMechanic. The investment made by Munjal in his personal capacity comes in addition to the Series B round of institutional funding received by the company, GoMechanic said in a statement. The latest funding would be used by the company to strengthen its technology stack, fuel geographical expansion, streamline spare parts procurement and amplify brand promotion, it added. Munjal's coming on board as an investor will further enhance the company's profile and will add to the rapid growth of the startup, which has already raised funds from prominent investors such as Sequoia Capital, Chiratae Ventures, Rohit Bansal, Kunal Bahl, Orios and Dhianu Das, it said. "Having Pawan Munjal as an i...

15Aug By Gauri SinghNo Comments

FUNDING

Scooter Rental Startup Vogo Secured Series A Funding from Ola, Hero MotoCorp

Bengaluru-based automated scooter rental startup Vogo has reportedly secured an amount of around $7 million (Rs 48 crore) in a Series A funding round. The latest round was led by ANI Technologies Pvt Ltd (Ola’s parent company) and Pawan Munjal (Hero MotoCorp chairman). The other existing investors namely Matrix Partners India, Stellaris Ventures, and angel investors also participated in the funding round. The funds raised through this funding round will be utilized by the company for the purpose of expanding its operations further in the cities it already exists, which include Bengaluru and Hyderabad. “We are trying to solve the use case for daily commuters who can probably walk 100 to 150 meters to pick up our scooters. These are all gearless vehicles which ensure that a cross-sect...

India’s First Electric Scooter Startup Ather Energy Raises 205 Cr From Hero Motocorp

27Oct By AdityaNo Comments

FUNDING

India’s First Electric Scooter Startup Ather Energy Raises 205 Cr From Hero Motocorp

Ather Energy, India’s first smart electric scooter startup has raised 205 Cr Series B funding from India's leading Bike Company Hero Motocorp. The startup will use this funding in engineering and production work for the S340 (Ather's first e-scooter model) and on ubiquitous charging infrastructure. The startup has already raises funding from investors like Tiger Global and Sachin and Binny Bansal. But this is the first time Ather Energy investor list includes any automobile veteran. Ather Energy in a press release said, "Hero understands where the future of vehicles is headed. And this change will be quite a rapid one which will change the landscape of this industry. One cannot sit on the side-lines. One cannot not participate. A company of their size cannot move like a start-up but ...

20Apr By Press Trust of IndiaNo Comments

FUNDING

Rapido Raises Funding From Pawan Munjal, Rajan Anandan & Others

Bike taxi operator Rapido has received undisclosed amount of funding from a clutch of investors, including Hero MotoCorp Chairman Pawan Munjal, Google India head Rajan Anandan and early stage investment firms AdvantEdge Partners, Astarc Ventures and Tesellate Ventures among others. "Rapido is a commendable initiative and has the potential to generate significant employment, besides making convenient motorised transport accessible to the masses. With their strong background and passion, I believe that the founders of Rapido are well positioned to deliver on their promise," Munjal, who invested in his personal capacity, said Munjal, who invested in his personal capacity, said. Other investors include People group founder Anupam Mittal, Smile Group Partners; former Flipkart chief business o...

Barkha Dutt and Shekhar Gupta Launched Their First Online Venture “The Print”

8Jan By PriyankaNo Comments

News

Barkha Dutt and Shekhar Gupta Launched Their First Online Venture “The Print”

Shekhar Gupta and Barkha Dutt, two very renown Indian Journalist launched their first online venture The Print, a news media start up. The platform was formaly announced in a first event of The Print called "Off the cuff". However the website has not launched yet. We are waiting to see how the things will goes from here. Barkha @bdutt and I are thrilled to roll out the first small steps in the launch of ThePrint @theprintIndia which we are co-founding — Shekhar Gupta (@ShekharGupta) January 7, 2016 //platform.twitter.com/widgets.js Shekhar @ShekharGupta and I are thrilled to roll out the first small steps in the launch of ThePrint @theprintindia which we are co-founding— barkha dutt (@BDUTT) January 7, 2016 //platform.twitter.com/widgets.js Senior Journali...