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). Loca will use the funds to expand its presence to all major metro stations in Bengaluru and further build its tech and operations teams. It plans to expand to multiple cities including New Delhi by early next year.

(Live Mint)