Ather Energy becomes India's 4th unicorn at $1.3B valuation with $71M funding from NIIF.

Ather Energy, an electric two-wheeler maker, becomes India's 4th unicorn this year with a $71 million funding from NIIF, valuing the company at $1.3 billion. The company aims to expand its market share in the family scooter segment with a new plant in Aurangabad. The quick commerce market in India is expected to reach $7 billion in GMV by 2025, with groceries contributing to nearly half of that.

August 13, 2024
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