InMobi's co-founder Amit Gupta has moved on to start his new venture, an IoT-enabled bicycle renting company Yulu, reports YourStory. Gupta also updated the development on his Linkedin profile as well. Bangalore-based Yulu, will allow people to rent dockless bicycles via Yulu app. How it works? An Yulu app user will be able to nearest available bicycle on the app, and once near the bike, a user can unlock it using a QR code on the app, and the money will be deducted from the digital wallet in the Yulu App. Yulu says on its website that bicycle as mode of transport is most suitable for short routes. Yulu is co-founded by three senior-level executives, Gupta (CEO), RK Misra ( President-Ecosystem Partnerships), and Naveen Dachuri (CTO). Misra had founded and exited Tenet Technologies (Sold to Hughes) and Traveljini.com (sold to…
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