Rapido raises undisclosed funding Bike-taxi startup Rapido has raised an undisclosed amount of funding led by Pawan Munjal, and investment firms like AdvantEdge Partners and Astarc Ventures, among others, reports Livemint. The Bangalore based company will use the fresh funds in expanding its team base and operation into newer cities. It currently has a fleet of 400 bikes across Bangalore, Gurgaon and Delhi. Rapido operates through a mobile app; it claims to have completed 1,25,000 rides till date. It was founded in 2015 by Aravind Sanka Aravind Sanka, Rishikesh S R , Pavan Guntupalli *** Fashalot secures undisclosed funding App based store discovery platform Fashalot has secured and undisclosed amount funding led by YourNest Angel Fund and Rajul Garg. The Gurgaon company will invest the funds in product development, hiring fresh talent top talent, and in operations. Fashalot platform connects shoppers with offline fashion stores using their location. It claims to have over 2000 live stores and 60,000 downloads in the Android and iOS app store till date. Currently, Fashalot has operations in Delhi-NCR and Bangalore. It was founded by Amit Koshal, Rishi Batra and Amit Sharma in 2015. *** DriversKart raises $450K from Ah! Ventures On-demand chauffeur provider DriversKart has raised $450,000 in funding led by Ah! Ventures, reports TechCircle. Investment firm iVenture and individual investor Namit Agrawal also participated in the round. The startup will use the new funds to upgrade technology, hiring new drivers, and marketing. The Chennai based startup currently operates in Bangalore, Mumbai, Pune, Delhi and Chennai…
