India-based rideshare platform Zoomcar agreed to list on the Nasdaq through a SPAC merger with Innovative International Acquisition at a USD456m implied pro-forma enterprise value. Zoomcar is backed by Sony Innovation Fund, Mahindra & Mahindra and Ford Smart Mobility, as well as Cyber Carrier, Empire Angels, InnoVen Capital, Sequoia Capital India and Trifecta Capital. Innovative International Acquisition raised USD235m through its Nasdaq listing in October 2021. Read more