India: Jugnoo raises $10m in funding round led by Paytm

SoCoMo Technologies Pvt. Ltd, which operates Jugnoo, a hyper-local online marketplace that facilitates auto-rickshaw rides and food and grocery deliveries through auto-rickshaws, has raised $10 million in Series B funding led by mobile payments and commerce platform Paytm (One97 Communications Pvt. Ltd).

Apart from Paytm, which invested $5 million, existing investor Snow Leopard and Rocketship.vc, a new investor, also participated.

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