# Yulu funding: rounds and investors

> Yulu has raised $104M across 3 rounds since 2019. Investors include GEF Capital Partners, Incubate Fund and Blume Ventures. Every round with its source.

Source: https://millionrounds.com/company/yulu (Millionrounds; every figure on the page links to its filing or article)

India · [Series C startup](https://millionrounds.com/companies)

# Who invested in *Yulu*

3 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Automotive & EVs Delivery Logistics

Raised 3 months ago

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Funding summary Updated 5 Nov 2026

**$104M** raised across 3 rounds since 2019, from 3 sources

**$8.0M** Series A **$2.9M** Venture **$93M** Series C

- **Latest round:** Series C, $93M Aug 2026
- **Led by:** GEF Capital Partners
- **Step-up i:** 32.1×
- **Investors:** 5 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2020 2021 2022 2023 2024 2025 2026

**$8.0M** Series A

**$2.9M** Venture

**$93M** Series C

- **First round:** Series A, $8.0M
- **Biggest round:** $93M
- **Usual gap between rounds:** 5.6 years

## The rounds

- **Aug 2026** Series C **$93M** *1 new* [GEF Capital Partners](https://millionrounds.com/fund/gef-capital-partners) Lead Reported by TechCrunch
- **Jul 2025** Venture **$2.9M** *3 new* [Incubate Fund](https://millionrounds.com/fund/incubate-fund) [Blume Ventures](https://millionrounds.com/fund/blume-ventures) [3one4 Capital](https://millionrounds.com/fund/3one4-capital) Source recorded
- **Nov 2019** Series A **$8.0M** *1 new* Bajaj Auto Reported by TechCrunch

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2019 **Venture** 2025 **Series C** 2026 [GEF Capital Partners](https://millionrounds.com/fund/gef-capital-partners) L [Incubate Fund](https://millionrounds.com/fund/incubate-fund) [Blume Ventures](https://millionrounds.com/fund/blume-ventures) [3one4 Capital](https://millionrounds.com/fund/3one4-capital) Bajaj Auto

## Everyone who backed them

[GEF Capital Partners](https://millionrounds.com/fund/gef-capital-partners) Private equity **1** round, led 1

[Incubate Fund](https://millionrounds.com/fund/incubate-fund) VC firm **1** round

[Blume Ventures](https://millionrounds.com/fund/blume-ventures) VC firm **1** round

[3one4 Capital](https://millionrounds.com/fund/3one4-capital) VC firm **1** round

Bajaj Auto no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=yulu).

## Also claim to have backed them

These 6 firms list Yulu as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[rocketship.vc](https://millionrounds.com/fund/rocketship-vc) VC firm Per its own site

[Tracxn labs](https://millionrounds.com/fund/tracxnlabs) Venture studio Per its own site

[VestedVC](https://millionrounds.com/fund/vestedvc) VC firm Per its own site

[Better Capital](https://millionrounds.com/fund/better-capital-2) VC firm Per its own site

[BlueLotus VC](https://millionrounds.com/fund/bluelotus-ventures) VC firm Per its own site

[SuprValue VC](https://millionrounds.com/fund/suprvalue-vc) Micro VC Per its own site

## Quick answers about Yulu

### Who invested in Yulu?

Yulu's investors include GEF Capital Partners, Incubate Fund, Blume Ventures, 3one4 Capital and Bajaj Auto. GEF Capital Partners led its latest round.

### How much has Yulu raised?

Yulu has raised $104M across 3 rounds since 2019.

### When did Yulu last raise?

Yulu's most recent round was a Series C of $93M in Aug 2026, led by GEF Capital Partners.

### What was Yulu's biggest round?

Its most recent round, $93M in Aug 2026, is also its largest on record.

### Who backed Yulu first?

Yulu's first round on record, in Nov 2019, was backed by Bajaj Auto.

### What stage is Yulu at?

Yulu's latest named round is a Series C, in Aug 2026.

### Where is Yulu based?

Yulu is based in India.

### Who led Yulu's rounds?

GEF Capital Partners led the Series C in 2026.

## Companies like Yulu

In the same sector, and raised in the last eighteen months.

[**Blitz** $9.0M · Nov 2026](https://millionrounds.com/company/blitz)[**Ottonomy** $4.7M · Nov 2026](https://millionrounds.com/company/ottonomy)[**Dispatch Network** $527K · Nov 2026](https://millionrounds.com/company/dispatch-network)[**CapGrid** $11M · Oct 2026](https://millionrounds.com/company/capgrid)[**Manastu Space** $5.3M · Oct 2026](https://millionrounds.com/company/manastu-space)[**Venttup** $3.0M · Oct 2026](https://millionrounds.com/company/venttup)

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