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Ola Electric In Hyper Delivery Mode, Scapia Bags $40 Mn & More
- Ola Electric is piloting Hyper Delivery service with same-day registration and delivery starting in Bengaluru, aiming for a pan-India rollout this quarter.
- The company plans to automate registration processes to eliminate middlemen and reduce delivery times to 3-4 days in Q1 FY26 from 12 days in Q4 FY25.
- Despite registering 3.44 Lakh units in FY25 and capturing a 30% market share, Ola Electric faced challenges in March due to contract renegotiations, trailing behind legacy players.
- Ola Electric's mounting losses, regulatory issues, and stock price decline pose challenges, but the Hyper Delivery mode is a positive step towards improving operations.
- Scapia, a travel-focused fintech startup, secured $40 Mn in Series B funding, offering co-branded credit cards with zero-forex markup and domestic lounge access.
- Samara Capital's $2 Bn investment strategy focuses on high-growth sectors, acquiring controlling stakes to drive growth and value creation alongside management teams.
- Kissht, a digital lending startup, eyes a $225 Mn IPO, with ICICI Securities, UBS Securities, and Motilal Oswal selected as bankers, targeting a valuation of up to $1.1 Bn.
- Various funding and investment updates include ZeCa Capital's INR 150 Cr fund for cleantech startups, DevX re-filing its DRHP with an increased fresh share issue, and Flipkart's marketplace arm receiving $379 Mn.
- Tonbo Imaging raised INR 175 Cr in a Series D pre-IPO round, while Zomato received respite as NCLT dismissed an insolvency petition for non-payment of dues.
- Kiko Live, a startup digitizing local retailers via ONDC and B2B/D2C tools, aims to help kiranas compete against quick commerce giants by focusing on improving operational efficiency and digitization.
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