{"id":276422,"date":"2019-05-29T04:57:23","date_gmt":"2019-05-29T04:57:23","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=276422"},"modified":"2019-05-29T04:57:23","modified_gmt":"2019-05-29T04:57:23","slug":"sachin-bansal-leads-51-million-round-in-e-scooter-firm-ather-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sachin-bansal-leads-51-million-round-in-e-scooter-firm-ather-energy\/","title":{"rendered":"Sachin Bansal leads $51 million round in e-scooter firm Ather Energy"},"content":{"rendered":"<p>Flipkart Co-Founder Sachin Bansal has led a $51-million funding round in electric scooter (e-scooter) company Ather Energy. <\/p>\n<p>According to the Bengaluru-based start-up, Sachin, who was one of the early backers of the company, pumped in $32 million in equity funding in the fresh round, while the remaining was by existing investor Hero MotoCorp, which converted its $19 million of earlier debt into equity. In addition to this, InnoVen Capital has also extended $8-million in venture debt. <\/p>\n<p>Back in 2014, Sachin, who was then the chief executive officer (CEO) of Flipkart, had put $500,000 in Ather Energy as an angel investor. \u201cThe traditional auto industry is up for re-definition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flipkart Co-Founder Sachin Bansal has led a $51-million funding round in electric scooter (e-scooter) company Ather Energy. According to the Bengaluru-based start-up, Sachin, who was one of the early backers of the company, pumped in $32 million in equity funding in the fresh round, while the remaining was by existing investor Hero MotoCorp, which converted its $19 million of earlier debt into equity. In addition to this, InnoVen Capital has also extended $8-million in venture debt. Back in 2014, Sachin, who was then the chief executive officer (CEO) of Flipkart, had put $500,000 in Ather Energy as an angel investor. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-276422","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=276422"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276422\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=276422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=276422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=276422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}