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VOGO FINANCIALS
Startup FoF commits Rs 7,385 cr to 88 AIFs as of Sept 24: Govt“FFS has been playing a monumental role in mobilizing domestic capital in Indian startup ecosystem,” the commerce and industry ministry sai...- Govt’s data use policy sparks concerns; Shopee exits India; Pine Labs bags $50MIndustry groupings argue that this could open up a pandora’s box of privacy risks in the absence of a data protection law. They are also se...
- 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 ...
- Shopee quits India in six months; crypto exchanges evaded Rs 81.54 crore GSTSingaporean ecommerce firm Shopee, which launched in India only about six months ago, has already decided to shut its operations here.
- Bounce’s shared mobility business shrank 83% during the pandemicBounce’s overall revenue only shrunk 52% to Rs 53 crore as the company earned income from interest from fixed deposits and other investment...
- 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...
- Vogo claims profit in Hyderabad, Bengaluru in three months’ timeAccording to Vogo founder Anand Ayyadurai, company-level profitability is still some time away for the two-wheeler rental startup as “city-...
- Blacksoil invests over Rs 160 crore across 8 deals in March quarterOver the years, BlackSoil’s focus has been increasingly towards venture debt to VC-backed growth companies & structured debt to growth smal...
- Blacksoil invests Rs 12 crore in Freightwalla, UpMoney, RapidboxBlacksoil has so far concluded over 50 debt transactions to venture capital-backed growth companies and startups by deploying more than Rs ...
- LGT Lightstone Aspada puts Rs 54 crore in AknaAkna Medical plans to deploy over $20 million over the next two years to scale up operations across the country and to deepen tech and anal...
- Uber says EVs will electrify its India fleet in two yearsThe company has already piloted electric autos in Chandigarh with SUN Mobility, where the EV platform offers swappable batteries and interc...
- 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.
- Ola restructures operations, plans IPO amid staff downsizingOla is looking at listing on Indian bourses in the next 18-24 months, and profitability would be an important criteria for the process. Ola...
- 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...
- Sachin Bansal invests Rs 888 cr more in his venture Navi TechNavi Technologies has made a profit after tax of Rs 1.9 crore on revenue of Rs 16 crore for the financial year ending March 31, the filings...
- Alteria Capital closes its maiden fund at Rs 960 croreBinny Bansal, Premji Foundation and others come on board as investors in firm’s first venture debt fund.
- 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...
- 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.
- 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...
- Ola revenue up 70% to Rs 1,286 cr in FY17The turnover includes revenue from subsidiaries Ola Fleet Technologies, Ola Electric Mobility, Ola Skilling and Zipcash Card Services.
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