{"id":1246406,"date":"2023-06-10T12:01:47","date_gmt":"2023-06-10T06:31:47","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1246406"},"modified":"2023-06-10T12:02:23","modified_gmt":"2023-06-10T06:32:23","slug":"infosys-founder-can-invest-upto-rs-2400-crore-in-ola-electric","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/infosys-founder-can-invest-upto-rs-2400-crore-in-ola-electric\/","title":{"rendered":"Infosys Founder Can Invest Upto Rs 2400 Crore In Ola Electric"},"content":{"rendered":"\n<p>\ufeffOla Electric is in talks with Infosys co-founder NR Narayana Murthy&#8217;s investment vehicle, Catamaran for fundraising efforts for its next round, where it hopes to raise $300 million.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/06\/Narayan-Murthy-1280x720-1024x576-1024x576-1.jpeg\" alt=\"Infosys Founder Can Invest Upto Rs 2400 Crore In Ola Electric\" class=\"wp-image-1246413\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/06\/Narayan-Murthy-1280x720-1024x576-1024x576-1.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/06\/Narayan-Murthy-1280x720-1024x576-1024x576-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/06\/Narayan-Murthy-1280x720-1024x576-1024x576-1-768x432.jpeg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Host of investors<\/strong><\/p>\n\n\n\n<p>Its existing investor Temasek, is expected to put in around $100 million in the round.<\/p>\n\n\n\n<p>Catamaran is likely to invest $100 million to $150 million in Ola Electric.<\/p>\n\n\n\n<p>The EV manufacturer raised $200 million in January 2022 from a host of investors such as Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss, and others.<\/p>\n\n\n\n<p><strong>How\u2019s it looking?<\/strong><\/p>\n\n\n\n<p>The pre-IPO round is likely being done to give early investors an exit, said an anonymous investor.<\/p>\n\n\n\n<p>&#8220;The market is hard right now, and most projections say it&#8217;ll get tougher down 2-4 quarters down the line.&nbsp;<\/p>\n\n\n\n<p>Also given the bust IPOs of \ufeffPaytm\ufeff, \ufeffNykaa\ufeff, some early investors might be apprehensive about staying on till 2024 (when Ola Electric has planned for its IPO),&#8221; the investor said.<\/p>\n\n\n\n<p><strong>Potential<\/strong><\/p>\n\n\n\n<p>The Bhavish Aggarwal-led EV manufacturer has reportedly engaged Goldman Sachs, Kotak, Citi, and Axis as book runners for its IPO.<\/p>\n\n\n\n<p>The company <a href=\"https:\/\/yourstory.com\/2023\/06\/ola-electric-narayana-murthy-catamaran-funding?utm_campaign=fullarticle&amp;utm_medium=referral&amp;utm_source=inshorts\">could <\/a>look to raise $1 billion in net proceeds from the IPO, at a valuation of $10 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ufeffOla Electric is in talks with Infosys co-founder NR Narayana Murthy&#8217;s investment vehicle, Catamaran for fundraising efforts for its next round, where it hopes to raise $300 million. Host of investors Its existing investor Temasek, is expected to put in around $100 million in the round. Catamaran is likely to invest $100 million to $150 [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":1246413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[311,298,906],"class_list":["post-1246406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-infosys","tag-narayan-murthy","tag-ola-electric"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Infosys Founder Can Invest Upto Rs 2400 Crore In Ola Electric - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/infosys-founder-can-invest-upto-rs-2400-crore-in-ola-electric\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infosys Founder Can Invest Upto Rs 2400 Crore In Ola Electric - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"\ufeffOla Electric is in talks with Infosys co-founder NR Narayana Murthy&#8217;s investment vehicle, Catamaran for fundraising efforts for its next round, where it hopes to raise $300 million. 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