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JMP acts for Venture Highway in $1.7m investment in events marketplace Myscoot

MyScoot, a platform for meeting new people at home-hosted events, has raised $1.7 million in seed funding from Lightspeed India Partners, Venture Highway and Mayfield India. The Gurgaon-based startup plans to hire its core technology team and expand in the markets it is currently operational in with the new funds.Kunal Shah, founder of Cred and Maninder Gulati, chief strategy officer at Oyo Rooms also participated in the round in their personal capacity.Founded by Suyash Sinha, Sidharth Rawat, Akhil Tripathi, and Somvir Yadav, MyScoot builds an artificial intelligence-based social experience recommendations, develops safeguards to prevent untoward incidents.
The Economic Times

Jerome Merchant & Partners advised Venture Highway led by a team of partner Sameer Sibal along with associate Rishabh Amber Gupta.

2019-06-30

Deal value: INR 11.7 Cr

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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