Business, Investments

#Fundingwire: Uber Raises $1.15B Leveraged Loan & More


Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include Overcart, Holachef  and Uber

Uber Raises $1.15B Leveraged Loan at 5% Yield

Uber has secured a $1.15 billion leveraged loan. This brings the total equity & debt funding raised by the company to $15 billion. The leveraged loan helps in raising money without dilution of existing stock. The company will however pay a yield of 5% on the raised amount.

The money will be used to support Uber’s global expansion and operations and invest in research and development and engineering. Read More 

Overcart Raises $3M In Series A

Overcart, a company that provides returns management and liquidation services to major e-commerce companies, manufacturers, and retailers has raised its Series A round of funding. The amount of $3 million comes from Omidyar Network, JSW Ventures, as well as Sattva Capital & Keshav Sanghi-led Venture Works.

Overcart is having operations across Delhi NCR, Bangalore, and Mumbai will be using the capital to further expand its operational efficiency and reach.

Food-tech Startup Holachef Secures $1.95M in Fresh Funding

Holachef, founded by Saurabh Saxena and Anil Gelra, has raised $1.95 million from Kalaari Capital and India Quotient.

Kalaari led this round with $1.5 million investment. In 2015, the company had secured $3 million in a Series A round of funding led by Kalaari, Tata and other investors. Read More

Image Source: Uber

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