Magnifiq Securities
8-3-976/69, G-2, JSR RESIDENCY, SHALIVAHANA NAGAR, Hyderabad, Telangana, 500073, India
Overview
Magnifiq Securities provides an investment platform to invest in these growth-oriented start-ups. Magnifiq also acts as a lead investor for investments in these start-ups.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Hala
Led · Equity · May 2022
Hala operates an electric ride-sharing platform aimed at solving last-mile connectivity with e-bikes and battery-swap infrastructure. The company’s stated vision is to reduce pollution, traffic congestion, and provide affordable commutes while building a broad EV ecosystem. Hala reports 8 million green kilometres covered, 717 tonnes of CO2 saved, 300,000 litres of petrol consumption avoided, and roughly 32,000 battery swaps per month. It participated in T-Hub’s Lab32 and T-Angel cohort, during which it refined its business model and achieved a 40% increase in monthly recurring revenue. The startup plans to use the new funds to increase its electric vehicle fleet fivefold, expand swapping infrastructure, and invest in R&D for new product offerings. Srikanth Reddy is the founder and CEO.
Team
No current team members are available.