While last-mile connectivity on four or two wheels is inexpensive, little known Loca Rides is claiming to provide cab option cheaper than a bike ride. The solution appears to have impressed the early-stage investors as well. The Bengaluru-based startup, mainly for metro passengers, has picked up $1 million in its early investment round led by Fosun RZ Capital and Stellaris Venture Partners. — Dailyhunt

Rajaram Legal advised Stellaris Venture Partners India led by a team of partner Prasad Subramanyan, senior associate Nikita Rajwade, associate Mahima Pradeep.

Anoma Legal was advising Lithius Energy Private Limited, which operates Loca Rides.

2019-10-23

Deal value: USD 1 million

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