Yulu, a Bengaluru-based micro-mobility company, has recognized its existing CFO, Anuj Tewari, as a co-founder.
According to the EV startup, Yulu’s promotion – he is now both Co-Founder and CFO – comes at a time of fast expansion for the company. It anticipates revenue growth of 7-8x in fiscal years 2023-24. It also plans to quadruple its EV fleet over the next year, while capturing a large part of the last-mile mobility market in Bengaluru, Delhi, Gurugram, Mumbai, and Navi Mumbai.
CFO, Tewari is said to be instrumental in shaping Yulu’s growth strategy. Since joining the company in 2020, he has led complex fundraising negotiations, helping Yulu raise over $105 million across equity and debt funding. He has also worked closely with the leadership to make Yulu India’s only unit-economics positive business in its category and to put the company on track to becoming EBITDA-positive by the year-end.
Amit Gupta said, “We could not have asked for a better, or more natural, choice than Anuj to join Yulu’s founding team. Over the last three years, his rich experience, uncanny insights, sheer commitment and ‘founder mentality’ have helped Yulu embark on a strong growth trajectory. His presence will be a huge asset as we pursue our ambitious growth targets. On behalf of all the co-founders and the entire Yulu team, I heartily congratulate Anuj on his new role.”
Anuj Tewari said, “I am humbled as I accept this responsibility and look forward to working with this unstoppable team as we strive to realise Yulu’s mission of making urban mobility accessible, available, and affordable for all, while supporting strong environmental and social outcomes for commuters and communities across Indian cities.”
Tewari has over two decades of professional experience and has worked across both traditional corporates as well as start-ups. He was previously with a Kuwait-headquartered logistics firm, Agility. He is a qualified CA and CFA.
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