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Battery tech startup LOHUM set to raise Rs 1,000 Cr in pre-IPO
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Battery tech startup LOHUM is planning to raise Rs 1,000 crore or $112 million in its Series C round, which is likely to be its pre -IPO round, according to two sources familiar with the matter.
“The firm plans to go public within the next 12 to 18 months, and this will be its final private round,” said one of the sources, requesting anonymity since the discussions are not yet public. “I9 Capital and Singularity Ventures are set to lead the round, with existing backers also participating.”
According to the sources, Lohum has raised Rs 400 crore…
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