Mahindra arm invests in US-based Scoot Networks
The Dollar Business Bureau Mahindra Group’s private equity arm Mahindra Partners has invested an undisclosed amount in the US based urban mobility solutions provider Scoot Networks in the new round of funding, the company said in a statement. Along with this, Scoot Networks has added 500 Mahindra Genze electric scooters to its fleet. The $900-million private equity and venture capital firm has completed financing a new round in Scoot Networks. Vision Ridge Capital is one among the other investors who have invested in this San Francisco-based company earlier. Speaking about the partnership, Anand Mahindra, Chairman of Mahindra Group, said that the company has tied up with Scoot Networks team to offer a solution to the urban commuting challenges such as pollution, parking and ...
Sectoral approach key to ensure Make in US vs Make in India a winning model: Anand Mahindra
The Dollar Business Bureau Conflict of interest between US President Barack Obama’s pitch for Make in America and Prime Minister Narendra Modi’s Make in India may arise but a ‘win-win’ situation can be fashioned if manufacturers on both sides embed themselves in each other’s supply chains, according to Mahindra Group Chairman Anand Mahindra. Outlining the solution, he said one of the ways would be to take a sectoral approach. “In certain sectors it may make sense to adopt the Make in India approach and in others it may make more sense for Make in America,” he said. Mahindra said President Obama had tried to create the “win-win situation” during his trip with his announcements of a $1-billion dollar ...
