Ex-Myntra CEO Ananth Narayanan, GrowthStory's K Ganesh invest in Vogo1 min read . Updated: 18 Jun 2019, 03:25 PM IST
- Vogo currently has over 12,000 vehicles across five cities
- The start-up had previously raised Series A and B rounds from Ola as well as venture capital firms
Bengaluru: Bike-rental platform Vogo raised an undisclosed amount from former Myntra CEO Ananth Narayanan, serial entrepreneur K Ganesh and Srini Anumolu, as well as Manish Vij, the founder of SVG Media, according to a company statement on Tuesday.
Vogo currently has over 12,000 vehicles across 5 cities including Bangalore, Hyderabad, Chennai, and others, up from around 5,000 vehicles as of April.
“Vogo is solving a problem that affects millions of Indians - finding an affordable, reliable commute option for everyday use. The traction and rapid growth they have seen is a real validation of their strong product-market fit and a testament to their commitment towards providing superior customer experience with a dense network of VOGO stations," said Ananth Narayanan, ex CEO, Myntra, Jabong, in a statement.
The start-up had previously raised Series A and B rounds from ride-hailing major Ola as well as venture capital firms Kalaari Capital, Matrix Partners and Stellaris Venture Partners. This deal came via the Stellaris Founder Network.
“The micro mobility space is exploding globally and is driving the growth of the personal transportation space. Simple yet ingenious solutions like Vogo’s one-touch keyless access to the scooter greatly enhance the customer’s experience," said K Ganesh, co-founder of GrowthStory, India's billion-dollar startup factory.
Earlier this month, venture debt firm Alteria Capital has made a fresh fund infusion of ₹25 crore into Vogo.