Axis Bank extends INR 1 billion loan to Everest Fleet under GuarantCo partnership for purchase of Electric Vehicles (EV) in India
Axis Bank, one of the leading private sector banks in India, in collaboration with GuarantCo, a part of the Private Infrastructure Development Group (PIDG), has extended INR 1 billion (c. USD 12.1 million) loan for over four-years to Everest Fleet, India’s largest independent fleet management provider, to empower them to purchase electric vehicles to be […]
Artha Venture Fund-I makes partial exit from Everest Fleet, clocks 19x return
The Mumbai-based company Everest Fleet has recently closed a $20 million funding round led by ride-hailing platform Uber. Artha Venture Fund (AVF), a Mumbai-based early-stage microVC, has made a partial exit from fleet management company Everest Fleet, the company said in a press note. With this, the microVC fund has recorded a 19x return on […]
Artha, Rockstud Exit Uber-Backed Everest Fleet With 18X+ Returns
Uber-backed fleet management startup Everest Fleet has seen two investors – Artha Venture Fund and Rockstud Capital – exit, days after securing funding from Uber and Paragon Ventures. While Rockstud claimed to have made a return of 18.8X on its investment in Everest Fleet via this exit, Artha claimed a return of 19X. The latter […]
Artha venture fund saw 19X return on partial exit from Everest fleet
Artha Venture Fund-I, a microVC firm, said it saw a 19x return on its partial exit from its investment in fleet management provider Everest Fleet. The selling of the fund’s portion of the company’s stock netted it $2 million. The stake sale is a component of Everest Fleet’s $20 million Series B fundraising round, which […]
Artha Venture fund achieves 19x return in partial exit from Everest fleet
Artha Venture Fund (AVF), a Mumbai-based early-stage microVC firm, has announced a partial exit from its investment in Everest Fleet, a fleet management company. The exit yielded a remarkable 19x return on AVF’s initial investment.Everest Fleet recently secured $20 million in a Series B funding round led by Uber and Paragon Partners. In light of these developments, AVF’s partial exit […]
Artha gets 19x yield on Everest Fleet exit
Mumbai: MicroVC firm Artha Venture Fund-I has clocked 19x return on its partial exit from its investment in Everest Fleet, a fleet management company. The fund bagged $2 million from its part stake sale in the company. The stake sale is part of the Series B funding round of $20 million that Everest Fleet raised from […]
Uber-Backed Mobility Platform Everest Fleet Bags INR 50 Cr To Venture Into New Markets
Uber-backed fleet management startup Everest Fleet has raised INR 50 Cr ($6 Mn) in a strategic funding round from private equity firm Paragon Partners. The startup will utilise the capital to accelerate its growth plans and venture into new markets, The Economic Times reported. “… We envisage a future where fleet management providers will partner […]
Into New Markets: Everest Fleet Gets 50 Crore Boost from Paragon Partners
Paragon Partners, a foremost growth-oriented, mid-tier private equity fund, has made a substantial investment of Rs. 50 crores into Everest Fleet, the biggest fleet administration operator in India. The funds will be utilized to fuel the rapid development of Everest Fleet and facilitate their entrance into new markets. Read more at: https://www.drivespark.com/off-beat/investment-growth-strategy-for-everest-fleet-by-paragon-partners-gen-039683.html
Uber backed Everest fleet raises fresh funding from pe-firm
Read More: Uber backed everest fleet raises fresh funding from pe-firm
Arka Credit Fund I makes NCD investment in shared mobility company Everest Fleet
The company owns a fleet of more than 10,000 CNG and electric cars in seven cities running on ride-sharing platforms such as Ola and Uber and aims to increase it to more than 17,000 by March 2024. Debt Investment for startup: Mid-market focused alternative investment fund Arka Credit Fund I (ACF I) on Thursday announced an […]