Vogo

The fresh round was participated by Chiratae Ventures, Accel India, Sequoia India

The company claims to have a fleet of more than 1,000 bikes

Bounce acquired assets of dockless bicycle sharing platform Ofo in India in 2018

Kalaari, Stellaris, Matrix and Pawan Munjal participated in the round

The company had earlier signed a strategic investment of $100 Mn from Ola

Ola plans to bring Vogo’s services onto its platform

Ola to boost Vogo’s scooter supply by investing in 100K scooters

Ola had previously led a $5 Mn - $7 Mn fundraising round in Vogo

Vogo’s scooter sharing service will be available on the Ola app soon

Gurugram-headquartered online automobile marketplace Droom which raised $30 Mn in a Series E round of funding

Jakarta-based point-of-sale (POS) provider Moka acquired Mumbai-based contextual marketing company GetFocus for an undisclosed amount

Amazon’s digital payments arm Amazon Pay received $79.8 Mn (INR 590 Cr) from its parent company

Alteria Capital has announced the second close of its fund at $85.48 Mn (INR 625 Cr)

The firm has also invested $1 Mn venture debt in scooter rental startup Vogo’s Series A round

Alteria Capital is already an investor in Raw Pressery, Fingerlix, and Toppr

• 11 startup funding took place in the Indian startup ecosystem this week
• Hotstar’s parent company Novi Digital raised the biggest startup funding round this week with $73.8 Mn from Star US
• Amazon’s India business raised $385.8 Mn and the Amazon Retail India Pvt Ltd raised $14 Mn from global ecommerce behemoth Amazon

Existing investors Matrix Partners India, Stellaris Ventures, and angel investors also participated in the funding round

Vogo plans to add more than 1,000 pickup points in Bengaluru and Hyderabad

Ola's investment in Vogo is in line with chief Bhavish Aggarwal's plans to provide 360-degree services

Ola Might Invest In Vogo Along with Stellaris Ventures Partners and Matrix Partners

The Company Has Announced The Launch Of An Automated System Called Spark That Allows Users To Remotely Lock And Unlock Their Bikes