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Matrix, Kalaari, and Ola pump $5.3 Mn in Vogo


Ola’s next move to enter dockless scooter sharing model through Vogo is bearing fruit for the latter as it has raised another equity round of $5.29 million from existing backers – Matrix, Kalaari, and Ola itself.

The fresh fund is expected to utilised for onboarding more vehicles. Ola had committed $100 million investment in Vogo through equity & debt. It recently roped in Rivigo and NestAway’s senior executives to lead growth & expansion and bagged $6 million debt from Sachin Bansal (source: paper.vc)


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