Ola, VCs back India scooter sharing player Vogo
India-based ride-hailing platform Ola has committed $100 million worth of inventory to domestic scooter sharing business Vogo. It is part of a Series A round that also features Matrix Partners India and Stellaris Venture Partners.
The Ola investment will be used to add 100,000 scooters to the Vogo network, giving it a supply advantage without the burden of incurring significant capital expenditure. The two companies have also established...
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