Vogo

The SoftBank-backed ride-hailing firm had seen a massive slump during the lockdown but is now seeing close to 100 per cent recovery in key cities

The Ola-backed company, which operates in Bengaluru, Hyderabad and Mysore, is also betting on electric mobility and aims to have 20 per cent of its fleet as EVs

The latest fundraising is critical for Vogo to grow as it tries to find space for itself across India's cities. Its rival Bounce has already crossed $520 million in valuation.

Since exiting Flipkart last year, he has invested in start-ups, including Ola, Ather, Vogo, privately and through his investment vehicle BAC Acquisitions

Start-ups addressing short-distance transport have taken the mobility space by storm in recent months

Alteria Capital first invested in Vogo in 2018

A 2015 Chennai flood washed away his fleet of cars, but failed to water down Anand Ayyadurai's dreams; he built a fleet of scooters that became an instant hit in the vehicle rental space