#Exclusive: Electric mobility startup Kazam is raising $5 Mn (INR 42.5 Cr) in a funding round led by Licious and Pilgrim-backer Vertex Ventures. The round will also see participation from Avaana Capital and Chakra India Growth Fund, as per its filing with the Ministry of Corporate Affairs (MCA) 👇 The startup plans to use the capital to fuel its growth and expansion plans. Following the investment, Vertex Ventures will own a 16.45% stake in the startup. Avaana will also see its stake increase to 16.45%, while Chakra India Growth Fund will own 0.63% stake. Vertex is infusing the highest amount – INR 30 Cr – in the funding round. Founded in 2020 by Akshay Shekhar and Vaibhav Tyagi, the Bengaluru-based startup claims to manage 150,000 kWh of electricity in the US, Europe and Asia-Pacific. 🔗 To read more in detail, click here: https://lnkd.in/gkKKFU8x #news #startup #fundraising
woohoo 👏👏🔥
DevOps at Meesho, Unix programmer
4moBolt.earth already seems to be everywhere in Bengaluru, not sure what Kazam brings to the table