Scooter rental start-up Vogo has raised Rs 25 crore as debt from Alteria Capital, a Mumbai-based venture debt firm. Alteria Capital first invested in Vogo in August 2018.
“We are thrilled to double down on our partnership with Alteria. Since they first came on board, we have grown over 70X and will leverage this investment to keep growing rapidly and bring Vogo scooters to millions of customers across India.” said Anand Ayyadurai, Founder and Chief Executive Officer at Vogo.
Launched in 2016 by Ayyadurai, Padmanabhan Balakrishnan, and Sanchit Mittal, Vogo offers scooters on rent across five Indian cities. The venture is backed