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OLA VOGO DEAL
M&A deals rise as startup funding begins to slowConsolidation is also in play as many of these startups are unable to shore up a war chest to fight bigger and more well-capitalised rivals.- Swiggy leads $180 million funding round in Rapido, bike taxi startup valued at $830 millionTVS Motor also joins as a new investor. According to regulatory filings, Swiggy has pumped about $124 million, giving it around a 15% stake...
- Chalo acquires shared mobility startup Vogo in a share-swap dealAs a part of this acquisition, Vogo is switching to electric vehicles across its fleet and will expand beyond two-wheelers and offer other ...
- Swiggy in talks to invest in Rapido as part of a larger financing roundIf the investment deal goes through it will help Swiggy enhance its last-mile delivery capabilities and bolster its quick commerce ambition...
- Chalo in talks to acquire two-wheeler rental startup VogoThe development follows Chalo’s acquisition of Amazon-backed Shuttl, a bus service for office goers, last month and after the pandemic disr...
- Mobility startup Vogo gets $11.5 million funding from existing investorsVogo says it will use the funding from inestors Lightrock, Kalaari, Matrix Partners and Stellaris to expand and electrify its two-wheeler f...
- Mahindra group’s Alyte to be cab aggregator for corporatesAlyte, run under Mahindra Logistics; Meru Cabs, in which Mahindra group owns 55%; etaxi service Glyd; and First Choice, M&M’s used car busi...
- Sachin Bansal buys DHFL General InsuranceFlipkart co-founder Sachin Bansal’s bet on the insurance firm is part of his broader ambition in financial services industry.
- Mergers, focus on unit economics await startupsEarly-stage funding in 2019 more than doubled to $693 million, compared to $334 million in 2018, driven by a 22% increase in the number of ...
- Bajaj Auto pumps in $8 million into mobility startup YuluYulu is a dockless, lithium-powered scooter focusing largely on the sub-5 km first- and last-mile connectivity, the same market which Ola b...
- Scooter rentals give new spin to asset-light modelThree companies — Vogo, Drivezy and Bounce — control 81% of India’s on-demand vehicle rental market.
- Tiger Global, Vogo in $50 million talksIndia’s fast-growing mobility sector is garnering the interest of global investors.
- Bike-sharing firms move to faster laneThe Bengaluru-based scooter sharing apps claim they are doing a little more than 1,00,000 rides a day combined.
- Bajaj Auto in talks to back cycle-rental co YuluThe Pune-based two-wheeler manufacturer is in talks to invest $6-8 million in the current round as it looks to ride on the fast growing urb...
- Bajaj Auto in talks to back cycle-rental co YuluThe company also recently partnered with Uber, where users can book its vehicles using the US-based ride-hailing major's app.
- Scooter sharing startups Vogo, Bounce raise debt from BACBoth the firms will primarily use the debt to finance scooters and hardware
- Ola in talks to pick up 26% stake in carpooling app sRideThis may be the first institutional capital raised by sRide, which has mostly been bootstrapped.
- Ola bets $100 million on scooter sharing startup VogoUnder the deal, Ola will also allow its 150 million users to start booking Vogo scooters through its app.
- Alteria Capital makes second close of maiden fund at Rs 625 crore; Makes 5th investment in VogoFund is targeting a total corpus of Rs 1,000 crore, with a final close over the next 3-5 months.
- Scooter sharing platform Vogo raises funding from OlaThe round also saw participation by Aprameya Radhakrishna, founder of TaxiForSure, Rajesh Yabaji, founder of Blackbuck and Mayank Bidawatka...
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