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Ola Raises Funding From Yes Bank To Expand Fleet
Ola Fleet Technologies Pvt., Ltd., has secured a loan of Rs. 1000 crores from India’s fifth largest private sector bank, Yes Bank to expand its consumer vehicles fleet. Ola Fleet Technologies is Ola’s cab leasing business arm.
According to documents filed with the Ministry of Corporate Affairs, Ola Fleet secured the Rs. 1000 crores loan through a hypothecation deed agreement with Yes Bank on 21 March. This loan will be used by the company to finance the purchase of commercial vehicles that are used by its driver partners. But, these vehicles will remain as collateral with the bank beside the spares and consumables.
The loan will be based on lease agreements between Ola and its partner drivers while the loan period as mentioned in the agreement will be 48-60 months. The documents reveal the Ola Fleet is eligible to avail this facility till November 30, 2017. After this period is completed, Yes Bank will take a decision on extending the facility on December 4, 2017.
This marks the second time Ola Fleet will secure a loan from Yes Bank, having secured a loan of Rs. 250 crores in 2016. Prior to that, Ola has also taken loans of Rs. 300 crores from Axis Bank, Rs. 200 crores from HDFC Bank and Rs. 100 crores from ICICI Bank over the past one year.
The company launched the leasing program in 2015 and pumped Rs. 50 crores into the subsidiary earlier this year. Ola also said they would invest Rs. 5000 crores in the program during its launch. The program lets Ola’s partner drivers own the vehicles after they make an initial deposit and then pay monthly installments for a period of three to five years, depending on the make and model.
The former managing director of SABMiller India, Shalabh Seth was named as the CEO of Ola Fleet Technologies in January 2017. The company also received Rs. 100 crores from its parent company which operates Ola, ANI Technologies Pvt., Ltd. Ola Fleet posted net sales of Rs. 5.6 crores for the financial year 2015- 2016, while its total expenses increased from Rs. 8.1 crores to Rs. 11.7 crores.
Latest News
₹290 Crore Boost: Rozana’s Series B Funding Scales Rural Retail Network Nationwide
Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.
The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.
This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.
Latest News
Peak XV New Funds: $1.3B Commitment for India Startup Surge 2026
Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.
These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.
For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.
Latest News
D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes
Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.
In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.
Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.

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