India, April 22 -- Electric mobility startup Yulu is reportedly looking to raise $75-80 Mn in a mix of equity and debt round.

An ET report said that the Bengaluru-based startup is in discussions with a clutch of global impact funds and private equity investors for the fresh fundraise.

The company plans to deploy the proceeds to capitalise on its quick commerce growth.

"While the fresh funding amount will be infused as primary capital in the company, Yulu may execute some secondary deals if new investors face obstacles to meet minimum shareholding requirements," Yulu cofounder and chief executive Amit Gupta told ET.

Inc42 has reached out to Yulu for comments on the development. The story will be updated based on the response.

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