Ola-backed bike and scooter sharing startup Vogo raises $19 million

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.

Vogo, a bike- and scooter-sharing start-up, has raised $19 million (around Rs 136 crore) in a funding round led by LGT Lightstone, an investment fund managed by the Princely House of Liechtenstein. Other existing investors such as Matrix Partners and Kalaari Capital have also participated in the round, according to the regulatory documents filed by Vogo, which were sourced from business signals platform Paper.vc.
 
“Vogo, raised $19 million last week from a new investor and two existing investors at a valuation of $76.3 million,” said Nikhil Kanekal, Analyst, Paper.vc. LGT Lightstone led the investment round with $15.6 million.