For the best experience use inshorts app on your smartphone
Ola announces $100 mn investment in scooter rental startup Vogo
short by Sukriti Kapoor / on Tuesday, 18 December, 2018
Ride-hailing startup Ola on Tuesday announced it is investing $100 million in scooter rental startup Vogo by adding 1,00,000 scooters to its fleet. The investment would reportedly make Ola the largest shareholder in Vogo, holding between 35-40% stake. Founded in 2016 by Anand Ayyadurai, Padmanabhan Balakrishnan, and Sanchit Mittal, Vogo provides scooters on rent in Bengaluru and Hyderabad.
read more at Entrackr