Ola to lead $7 mn round in bike-sharing startup Vogo: Report

Homegrown cab aggregator Ola is reportedly in talks with Bengaluru-based bike-sharing startup Vogo Automotive to lead a $5-7 million round of funding. Ola is expected to lead the round with venture capital firms Stellaris Ventures Partners and Matrix Partners. Founded in 2016, the startup offers round-the-clock scooter rental service, intended as a cost-effective alternative to cabs and autos.