The Bengaluru-based startup raised capital from investors led by Legatum Capital with participation from Accrete Capital and Gaingels. The startup would not disclose the funding but people familiar with the deal said it had raised $150 million.
The phone will start at $699, and participating wireless carriers will offer up to $700 off for qualifying trade-ins. The iPhone 13 Pro starts at $999 and the Pro Max starts at $1,099, with trade-in offers of up to $1,000.
Leasing vehicles has never been big business in India, but in the nascent electric vehicle market, many companies are betting big that it will be a game-changer.
India, which had notified the revised IT rules in February this year, has made it mandatory for messaging apps to comply with the controversial legislation since May 26.
The government is promoting innovation within Karnataka and beyond, the minister said speaking at the Indian Innovation Summit organised by CII in Bengaluru. The state, he added, has become part of the emerging technologies in IT & IT services in the world.
