TIGER GLOBAL
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Several Indian startups have recently raised funding, including Battery Smart, which received $25 million from Tiger Global, and Loadshare, which raised $40 million led by Tiger Global. These investments aim to support the growth of various industries, such as electric vehicle battery swapping and logistics technology.
GoMechanic has issued Rs 30-crore stock options for service partners. The stock options have a 4-year vesting duration. Tiger Global led a $25 million fund-raise by Battery Smart to expand its EV battery swapping network. Loadshare raised $40 million led by Tiger Global to invest in hiring and logistics technology. Ather Energy opened its eleventh experience centre in Trichy and began deliveries in Coimbatore. GoMechanic raised USD 42 million in Series C funding round led by Tiger Global. These investments indicate a growing interest in India's startup scene, particularly in the electric vehicle and logistics sectors.
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