Last-mile connectivity provider Loca raises funds from Stellaris, Fosun, others1 min read . Updated: 23 Oct 2019, 05:54 PM IST
- The start-up has likely raised sub $5 million
- Loca says the motorized micro-mobility market in India is approximately 100 million trips per day but is largely underserved, unreliable and unaffordable
BENGALURU : Loca, a shared last-mile connectivity provider in Bengaluru, has raised an undisclosed amount of funding in its first round of investment led by Stellaris Venture Partners, China-based Fosun RZ Capital and a group of individuals including Aprameya Radhakrishna (co-founder of Taxiforsure), Mayank Bidawatka (co-founder of Vokal) and Rohit MA (co-founder of Cloud Nine).
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