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Regulatory scrutiny may queer the pitch for insurtech; and other top startup & tech stories this week

Multiple people in the know have told me that the insurance regulator is not comfortable with the typical corporate structures of startups, and may not be in favour of granting them an insurance manufacturing licence. The regulator wants these firms to get rid of any holding company structures, onboard investors directly into the applying entity, and have founders bring in sufficient amount of net worth before applying.

Ola funding: Ola Electric gets $50 million in debt financing from EvolutionX Cap

Ola Electric Mobility raised Rs 410 crore from EvolutionX Debt Capital, supported by DBS and Temasek. Founder Bhavish Aggarwal is pitching the IPO to global investors, aiming for a $7-8 billion valuation.

Ola Funding: Ola Electric gets USD 50 million in debt financing from EvolutionX Cap, ET Auto

Ola Funding: Ola Electric Mobility raised INR 410 crore from EvolutionX Debt Capital, supported by DBS and Temasek. Founder Bhavish Aggarwal is pitching the IPO to global investors, aiming for a USD 7-8 billion valuation.

Ola Electric secures $50 Mn in debt funding from EvolutionX Debt Capital

Ola Electric Mobility Ltd. is leading the electric vehicle (EV) market in India and creating waves in the drive towards a greener future. A strategy shift has been shown by recent developments as the company raises money and prepares for its initial public offering (IPO).

Ola Electric unveils new scooter, expands service network - The Hindu BusinessLine

Ola Electric unveils new scooter, expands service network - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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