Download App

Startup Showcase

Join our whatsapp channel for quick updates

Switch theme

Blog . Feedback . Privacy

© 2024 Medial Tech Pvt. Ltd.

News on Medial

🔥 5 people are talking about this

Yulu Turns EBITDA Positive, Breaches $30 Mn ARR On Rising Quick Commerce Demand

Yulu Turns EBITDA Positive, Breaches $30 Mn ARR On Rising Quick Commerce Demand

- Yulu has achieved a milestone of crossing an annual recurring revenue (ARR) of $30 million and has also become EBITDA positive. - Yulu currently operates a fleet of over 40,000 electric vehicles and plans to deploy 100,000 EVs by 2025. - The company is set to raise $100 million in its Series C funding round to support its expansion plans. - In September 2020, Yulu raised $82 million in its Series B funding round led by Magna International and Bajaj Auto. - The demand for quick commerce and food delivery services, along with supportive government policies, has contributed to Yulu's growth.

14

3

Comments

Aditi

Not surprised this is happening at all. Crazy synergy between Zomato/swiggy and yulu

Reply

0

1 month ago

Shivansh Patel

Shivansh PatelFull-Stack Developer....

In Bangalore, I used Yulu for the first time, and it was fun to ride.

Reply

0

1 month ago

More Like this

BigBasket set to fully play in quick commerce league

BigBasket set to fully play in quick commerce league

Blinkit turns adjusted Ebitda positive in March; eyes 1,000 dark stores by FY25 end

Blinkit turns adjusted Ebitda positive in March; eyes 1,000 dark stores by FY25 end

Zomato CEO Deepinder Goyal turns billionaire amid record share rally

Zomato CEO Deepinder Goyal turns billionaire amid record share rally

Blinkit quarterly contribution margin turns positive first time ever

Blinkit quarterly contribution margin turns positive first time ever

Swiggy’s Instamart bled $125 mn in 3 quarters

Swiggy’s Instamart bled $125 mn in 3 quarters

Yulu raises $19.25 mn from Magna and Bajaj Auto, eyes expansion & new product launch

Yulu raises $19.25 mn from Magna and Bajaj Auto, eyes expansion & new product launch

Heavy rain disrupts food delivery and hyperlocal services in Bengaluru

Heavy rain disrupts food delivery and hyperlocal services in Bengaluru

Zepto raises $340 Mn at $5 Bn valuation

Zepto raises $340 Mn at $5 Bn valuation

Edtech is here to stay: Unacademy CEO as cash flow turns positive

Edtech is here to stay: Unacademy CEO as cash flow turns positive

FMCG firms worry over high inflation, squeezing urban market; hint price hike

FMCG firms worry over high inflation, squeezing urban market; hint price hike

Top Users

Trending Posts on Medial

The winner of our last giveaway where we asked Medial members "Who’s the most knowledgeable shark in ....

so, how many of you sent an email to d@zomato.com today :P ....

Tanmay bhat said "Only a foolish would not give luck any credit" This is so apt. Like I can't imag ....

Share your answer for a chance to win the book "Surrounded by Idiots" by Thomas Erikson. Go! Deadl ....

Basics on Medial🟣 Difference between b2c and d2c ....

Top News of the Day: 1. Google has been under fire in multiple antitrust trials for its internal co ....

What is costlier? ....

If ChatGPT got angry because of you, all it needs to do is add a simple instruction in its memory, a ....

Man behind India's third-largest food app after Zomato and Swiggy. 1. Anshoo Sharma had everything ....

Hey devs can I know how much would be the cost / how manu users it supports at x amount of time : f ....

Download the medial app to read full posts, comements and news.