Ola Electric Floats ₹1,500 Cr QIP at ₹37.74 as E2W Sales Rebound 8.4% MoM in May
Ola Electric opens a ₹1,500 Cr QIP at a ₹37.74 floor price even as its market share slips to 9% (15,139 units) in a recovering E2W market that grew 8.4% MoM and 69% YoY to 1.70 lakh units in May. Parallel signals: Anveshan's ₹150 Cr Series B, CARS24's ₹190 Cr AI Labs bet, and Scripbox's MFD acquisition.
What happened
Inc42 roundup: Zee wins FIFA India rights through 2034; Ola Electric launches QIP at ₹37.74 floor; Anveshan raises ₹150 Cr Series B; E2W May sales rebound 8.4%;
Key facts
- ₹37.74 floor price
- ₹1,500 Cr Ola QIP plan
- ₹150 Cr Anveshan Series B
- $15.8 Mn
- ARR ₹280-300 Cr
- E2W May sales 1.70 Lakh units, +8.4% MoM, +69% YoY
- Ola 15,139 units, 9% share
- ₹190 Cr CARS24 AI Labs
- Scripbox FY25 revenue ₹107.2 Cr, profit ₹12.8 Cr
- $40 Bn consumer electronics by 2030
Why this matters
Concurrent moves—Anveshan's Series B, CARS24's AI Labs spend, Scripbox's MFD tuck-in—show consumer-tech capital is rotating toward niche scale plays even as category leaders dilute.
Also reported by
- Inc42 — Same time