EV Company Zypp Is in Talks to Raise Further Funding From Tribe Capital at a $300-350 Million Valuation

Zypp Electric is seeking $40 million in capital from Tribe Capital for expansion and technology development. Revenue tripled in FY24.

Vishesh Khurana, from Shiprocket, is launching a $250 million India fund. Raj Snehil Juneja has also joined the team.

According to these sources, the Gurugram-based business is expected to be valued between $300 and 350 million.

Tribe Capital, a major investor in e-commerce enablement company Shiprocket, is preparing to launch its $250 million India fund.

Tribe Capital’s ambitions to establish an India-focused fund were originally reported by ET in May 2023.

He added the company has expanded into three-wheeler transport operations for e-commerce companies and now has a fleet of 700-800 trucks.