15 Apr Auto | Mobility Investments Pulse Check – Issue 29
March 28 – April 10, 2020
We are pleased to share issue #29 of our newsletter on global investments in the auto & mobility sector.
A pivot in recent mobility deal flow towards goods delivery solutions is apparent with 11 deals closing over a two week period, of which 5 of them were valued over 1 billion USD. Among these, Swiggy and Zomato both closed their latest fundraising and Bigbasket raised a $60 million bridge round led by Alibaba.
We believe that the COVID-19 outbreak has altered consumption patterns toward online solutions which is contributing to the shift in investor focus from people movement towards goods movement.
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