Scooter-sharing startup Vogo Automotive Pvt. Ltd is in talks to raise $50 million from Goldman Sachs while edtech startup WhiteHat Jr has raised $10 million in its Series A round of financing.
Vogo in talks with Goldman for funding
Ride-hailing major Ola-backed Vogo is looking to raise the aforesaid amount in equity financing from New York-based investment bank Goldman Sachs, The Economic Times reported. Previously, the startup was also reportedly talking to Tiger Global Management and SoftBank for fundraising.
The company had recently raised Rs100 crore in a Series B round from investors including Kalaari Capital, Stellaris Venture Partners, Matrix Partners India and Pawan Munjal family trust. In June, Alteria Capital invested Rs 25 crore (about $3.6 million) in Vogo.
Vogo, that was established in 2016 to allow customers to rent scooters for their commute through its app, claims to have completed over 3 million trips.
Nexus Venture backs WhiteHat Jr
Omidyar Network India and Owl Ventures, a Silicon Valley-based edtech focused venture capital fund, also participated in the financing. The new funds will be used to strengthen their technology platform, expand the course curriculum as well as increase consumer awareness.
The startup last raised $1.3 million from Nexus and Omidyar in April this year.