Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter Instagram
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Featured Startups
    • Funding News
    • CEO Interviews
    • Startup Resources
    • Inspiring Stories
    • Submit Startup
      • Pitch VCs
    • More
      • Our Team
      • Advertise
      • Write for us
      • Privacy policy
      • Startup listing
      • Steal The Deal
      • Contact
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Home»Funding News»Vogo Raises Fresh Funds from Ex- Myntra CEO and other investors
    Funding News

    Vogo Raises Fresh Funds from Ex- Myntra CEO and other investors

    Girish ShettiBy Girish ShettiJune 18, 2019Updated:October 27, 20202 Mins Read
    Facebook Twitter LinkedIn Email
    Share
    Facebook Twitter LinkedIn Email

    For last few days scooter rental space has been bustling with frenetic funding activities. With barely a day ago Bounce raising $72 Mn, Vogo announced that it has raised undisclosed amount of funding from clutch of prominent individual investors. These high-profile investors include Ex -Myntra CEO Ananth Narayanan, serial entrepreneurs K Ganesh & Srini Anumolu and SVG Media founder Manish Vij.

    Bike Rental Startup Vogo
    Ex-Myntra CEO Ananth Narayanan bets on Bike Rental Startup Vogo

    “The traction and rapid growth they have seen is a real validation of their strong product-market fit and a testament to their commitment towards providing superior customer experience with a dense network of Vogo stations,” Ananth Narayanan said.

    This is second time that Vogo has raised funds this month. It raised $3.6 million debt from venture debt firm Alteria Capital nearly a week ago.

    Off late investors have been clamoring to invest in Vogo as micro- mobility is steadily emerging as a lucrative space. The company has raised more than $100 Mn from the likes of ride-hailing major Ola and marquee VC firms like Kalaari Capital and Matrix Partners.

    There seems to be growing consensus among investors that bike taxis will spearhead the next revolution in India’s urban mobility’s space. As a result, several bike taxi startups have mushroomed over the years with many of them successfully raising funds. It is estimated that bike-sharing startups raised nearly $138 Mn last year, almost 50% increase in fund-raising witnessed in 2017. There is every likelihood that this positive fund-raising spree will continue in the current year as well.

    Apart from Vogo and Bounce, other prominent players in this space include Rapido, Fae Bikes, QuickRides and Wheelstreet. The industry has also witnessed shut-down of several promising startups in an apparent signs that this fast-growing sector is riddled with several challenges. TuWheelz, Rideji, Headlyt, Heybob, and Zingo were some of the startups that were forced to shut down due to lack of funding and tractions.

    Bike Taxi Startups featured Vogo Vogo Funding
    Share. Facebook Twitter LinkedIn Email
    Girish Shetti

    Related Posts

    Twitter launches new $5000 API plan for Startups  

    May 26, 2023

    OpenAI may Exit Europe if Regulation Toughens, says CEO Sam Altman

    May 25, 2023

    Netflix kicks off its Password Sharing Feature in U.S & 100 other countries

    May 24, 2023

    WhatsApp finally allows you to Edit Sent Messages

    May 23, 2023

    Leave A Reply Cancel Reply

    Popular Post
    • Why is one Airpod louder than the other- reason and fixes Why Is One Airpod Louder Than The Other- Reason And Fixes
    • Is Real Estate Investment Trusts a Good Career Path Is Real Estate Investment Trusts a Good Career Path? [Complete Guide]
    • advertisement examples 16 Creative Product Advertisement Examples & Ad Campaigns You Must See
    • Places that hire at 15 Places that Hire at 15 Years – Top Choices for Teenagers
    • Pestel Analysis PESTEL Analysis – What it Means and its 6 Factors Explained
    Category Posts
    • how to upload more than 100mb to discord How to Upload More Than 100MB to Discord: Unlocking File Size Limits
    • how to clear spotify queue How to Clear Spotify Queue: Enjoy a Fresh Listening Experience
    • how to stop facebook from scrolling automatically How to Stop Facebook from Scrolling Automatically: Taking Control of Your Browsing Experience
    • how to use depth effect ios 16 How to Use Depth Effect on iOS 16: Unlocking the Power of Visual Depth
    • Twitter launches new $5000 API plan for Startups  
    Our Partners
    Shopping online for Windows tablet - DHgate
    Platform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Popular Posts
    • Advertise
    • Submit A Startup
    • Privacy policy
    • Disclaimer
    © 2023 Techpluto. Designed by Techpluto.

    Type above and press Enter to search. Press Esc to cancel.

    Catch the latest news from Startup World in your Inbox!
    [email protected]