Ola’s scooter sale a hit🔥

Quick recap of the week.

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Ola sells scooters worth Rs 1100 crore two days🛵

Ola Electric said it clocked Rs 1,100 crore in scooter sales during the two days that the purchase window was open.

On Wednesday, Ola restarted bookings of its electric scooters — S1 and S1 Pro — on its app-only, after the website ran into technical difficulties last week.

Sales reached a peak of four units per second on Thursday, CEO Bhavish Aggarwal tweeted, but the second day’s figures were even higher.

The purchase window is now closed, but the scooters can still be reserved on Ola Electric’s website. The sale will restart on November 1.

Ola’s electric scooters, manufactured at the Ola Futurefactory near Krishnagiri in Tamil Nadu, undercut rival offerings from Ather Energy, Bajaj Auto and TVS Motors on price while promising greater range and higher performance.


A quick recap of the week🚄

Monday
  • Media tech company Amagi raises $100 mn📺

  • Five firms add Rs 62,508 Cr to market valuation💰

  • India expected to grow 10% during FY22📈

Tuesday
  • iPhone 13 Pro Max to come with 1TB storage🤯

  • Purplle eyes $500 million valuation amid Nykaa IPO💄

  • PharmEasy’s parent firm appoints five independent directors ahead of IPO💊

Wednesday
  • Zee Entertainment shares soar 40%⬆

  • PharmEasy acquires Aknamed in $180-$190 million stock deal🩺

  • Zenoti buys SuperSalon, plans more acquisitions💆🏻‍♂️

Thursday
  • Gaming app MPL, founded just 3 years ago, turns unicorn🎰

  • Truecaller targets to raise $116 Mn in Stockholm IPO📞

  • TCS first Indian tech company to cross $200 Bn m-cap💸

Friday
  • Apna.co joins the unicorn club in 21 months👨🏻‍💻

  • Byju’s buys US coding platform Tynker🚀

  • Pine Labs raises $100 million from US investment fund💰

Funding Deals

  • BetterPlace, a technology platform for blue-collar workforce management, has raised $24 million in a Series C funding round.

  • Onesto Labs, the parent company of direct-to-consumer personal care brands Chemist at Play and Bare Anatomy, has raised about $2.5 million in a funding round.

  • Jungle Ventures has raised $225 million in the first close of its fourth fund.

  • Vahan, a recruitment platform for blue-collar workers, has raised $8 million in its Series A round, led by existing investor Khosla Ventures.

  • Eupheus Learning, a New Delhi-based B2B edtech company, has raised $10 million from private equity platform Lightrock India in a Series C funding round.

  • GTM Buddy, a tech-enabled sales enablement platform, has raised $2 million in a seed funding round led by Stellaris Venture Partners.

  • Hexahealth, a healthcare startup,has raised Rs 33 crore in funding led by impact investor Omidyar Network and Chiratae Ventures.

  • Anar, a business-to-business networking app, has raised $6.2 million in a seed funding round co-led by Elevation Capital and Accel India.

  • Canva, a graphic design and collaboration platform, has been valued at $40 billion after raising $200 million in a funding round led by investment management firm T. Rowe Price.

  • Discord, a chat platform, has raised $500 million in a new funding round led by Dragoneer Investment Group. The deal values the company at about $15 billion.

  • BharatAgri, an agritech startup, has raised $6.5 million in a Series A round-headed by agri-focused investor Omnivore.

  • Bright Money, an AI-enabled personal finance platform, has raised $31 million from Sequoia Capital India, Falcon Edge Capital and Hummingbird Ventures in a Series A funding round.

  • Ayu Health, a health-tech business, has raised $6.3 million in Series A funding from Vertex Ventures and Stellaris Venture Partners.


Have a wonderful weekend!🥳

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