The on-demand auto rickshaw service, which has already raised $16m from investors including Paytm, plans to raise between $50m and $100m in its next round.
SoCoMo Technologies, the India-based operator of auto rickshaw service Jugnoo, plans to raise between $50m and $100m in its series C round, co-founder Chinmay Aggarwal told DealStreetAsia yesterday.
Jugnoo, which is backed by mobile payment and e-commerce company One97 Communications, launched an on-demand transport service in late 2014 that uses auto rickshaws.
The company, which has begun also using its fleet to offer on-demand food and package deliveries, plans to use the new funding to expand the service from 30…
