Financier for user two-wheelers WheelsEMI to raise $35-40 M to expand offerings

WheelsEMI Ltd is set to raise USD 35-40 million in C Series funding to expand its business and revamp itself from being a financer of used two wheelers to an end-to-end provider of used two wheelers. The company aims to grab a pie of the INR 48,800 crore used two wheeler market with its Bike Bazaar customer interface. The company has so far raised over USD 31 million through Series A and Series B rounds.