Bengaluru mobility startup Loca gets funding from Fosun, others

Bengaluru-based shared mobility startup Loca has raised an undisclosed amount from Stellaris Venture Partners and China-based Fosun RZ Capital. The startup did not disclose the amount but it has reportedly raised about $5 million. Founded by Gautam Patil and Krishnakumar R, Loca is a last mile-focused cab sharing service and operates from four metro stations in the city.