Four months after completing its $20m series B round, the Yamaha, SMC and Crowdworks-backed car rental platform is seeking $100m in fresh funding at a $400m valuation.
Drivezy, an India-based vehicle rental services provider backed by automotive and motor manufacturer Yamaha, is raising $100m in capital from unnamed investors in the US, Singapore, China and Japan, TechCrunch reported yesterday.
The company is currently targeting a $400m valuation for the fundraise, but rather than trying to secure all the money in a single series C round, it is taking in funding on a rolling basis, and as such the valuation may change over the course of the process.
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