Bengaluru-based bike rental startup Vogo Automotive Pvt Ltd, which runs the brand Vogo, has raised $8.87 mn (Rs.62.78 cr) as part of its ongoing Series B funding round. Vogo offers commuters round-the-clock scooter rental services as a cost-effective alternative to the more popular cabs and autos.
Delhi-based artificial intelligence-based edtech marketplace, Leverage Edu, has raised more than $1 mn (Rs.7 cr) in Pre-Series A funding. The company plans to use the fresh funds to further develop its platform for the next phase of its growth.
Zoomtail Technologies, which runs a fashion focused e-commerce platform, has raised an undisclosed amount in seed capital from investors led by Matrix Partners India. The round also saw participation from V1 Capital, Kunal Shah, Anshuman Bapna and Shamik Sharma. The Bengaluru-based startup plans to expand its 30-member team and strengthen its technology platform with the cash raised.
Ola has regained its number two ranking in the pecking order of India’s most valuable startups, after securing $74 million in fresh funding from existing investor Steadview Capital in its latest funding round, which valued India’s leading cab-hailing service at roughly $5.7 billion. The latest funding infusion is part of $1 billion that Ola is currently in the process of raising. Last January, Ola had raised $1.1 billion in fresh capital at a valuation of $3.5-4 billion from China’s Tencent Holdings Ltd and existing investor SoftBank.
Sophos (LSE: SOPH), a global leader in network and endpoint security has acquired next-generation cloud infrastructure security company, Avid Secure. Avid Secure is a small, privately owned company with headquarters in San Francisco, Calif. and engineering operations in Gurgaon, India. Avid Secure offers an artificial intelligence-based cloud security analytics, compliance, and DevSecOps platform to provide effective end-to-end protection in public cloud services such as AWS, Azure, and Google.
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