Yulu in talks to raise funds from Xiaomi arm, others: Report

Bengaluru-based cycle sharing platform Yulu is reportedly in advanced talks to raise a Series A round of ₹100 crore ($15 million) from Chinese investors including Xiaomi's venture capital arm Shunwei Capital. Former InMobi Chief Business Officer Atul Satija is also expected to participate in the round. Yulu has reportedly already received commitments from its existing investors including Blume Ventures.