Vogo, India’s first automated scooter rental startup, has raised Rs 28.3 crore in the ongoing Series C funding round from existing investors Matrix Partners, Stellaris Venture Partners, and Kalaari Capital. The company was founded by Anand Ayyadurai in 2016.
Earlier in June 2019, VOGO also secured an undisclosed amount from former Myntra CEO Ananth Narayanan, serial entrepreneurs K Ganesh and Srini Anumolu, and Manish Vij, the Founder of SVG Media.
It is understood that the startup will invest the funds in business expansion and enhancing its technology.
VOGO is one of the world’s largest scooter sharing startups with over 7 million rides, 70 million kilometers, 15000+ scooters and 600+ pick-up points. The startup has strong footprint across Tier 1 and Tier 2 cities with a presence in Bengaluru, Mysore and Hyderabad, and pilots ongoing in Hubli, Mangalore and Chennai.
They are now building their pan-India footprint over the next year by adding 100,000 scooters to their fleet.
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