Uber invests $30 Mn in Everest Fleet at $425 Mn valuation
- Uber invests $30 million in Everest Fleet, valuing the company at $425 million post-allotment. - Everest Fleet issues 13,726 Series C preference shares to raise the funds, as per regulatory filings. - The Mumbai-based firm plans to use the funds for general operations, working capital, and business expansion. - Uber now holds an 11.37% stake in Everest Fleet, making it the largest external stakeholder. - Everest Fleet's revenue for FY24 is projected to more than double to Rs 1,015-1,020 crore from Rs 466 crore in FY23. Source: [Entrackr]()
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