Mumbai-based public transport app Ridlr, developed by Birds Eye Systems, has raised $6 million in a Series B round from Times Internet and existing investors Matrix Partners and Qualcomm Ventures. The funding will be utilized for product development and team expansion.
Billionaire investor Ajay Piramal has pumped in an undisclosed sum to pick up a minority stake in serial entrepreneur C Sivasankaran’s comeback business Utoo Cabs, a cab aggregator. The technology venture has been initially backed by funding from family and close friends. Utoo was soft launched last month in Chennai and will soon provide services in 8 cities.
Intra-city travel application Instago that helps users compare prices and book the cheapest mode of transport across different categories including on-demand taxis, autos, public transport and self-drive options has raised $500,000 from multiple investors including angel investor RamitSethi of Strongbox Ventures.