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Two-wheeler rental startup Vogo to raise Rs 40-45 crore from Ola and others

Two-wheeler rental startup Vogo Automotive is set to raise Rs 40-45 crore from cab hailing platform Ola and venture capital firms Stellaris Ventures Partners and Matrix Partners, as per media reports. The round will be reportedly led by Ola. Vogo is a three-year-old company, currently operating in Bangalore, Manipal, Hyderabad and Mysore. It allows users to take vehicles from various points across the city and return them to another such designated point. It had earlier raised an undisclosed amount of funding in round led by Murugappa Group in September 2017. We have reached out to Ola and the story will be updated as the company responds to our queries. Ola’s expansion blitz Just this month, Ola acquired Mumbai-based public transport ticketing and commuting service Ridlr in an all-stock deal. Ridlr, which was founded in 2012 has been able to work with BEST,…

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