The funds raised will be used to expand the brand’s offline presence, improve product manufacturing, expand research and development
This is Mohalla Tech’s third round of funding in 2021, with $913 million cumulatively raised this year
The size of the fund raise might be increased to $650 million due to interest from foreign investors
The company is in advanced talks for $400 million fundraise at a valuation of $4 billion, suggested recent reports
With this raise, Loco will be spun off into an independent entity from its parent, Pocket Aces