Jugnoo Closes Series A of $5M Led by Snow Leopard with Participation from Paytm
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It not only offers transportation facility to the users but also provides delivery services. Jugnoo has a userbase of more than 80k currently, and processes about 2500 transactions per day, 30% transactions are hyper local.
Notably, just a couple of months back, in April beginning, the company had raised $1m from Rajesh Mathur (Junglee Flywheel), Vikas Taneja (Partner and MD BCG Group, previous investments include Rapportive, PubNub), Kirloskar Bros and others in a seed round.
Samar Singla, CEO Jugnoo maintains, “It seems we are the first company in the country to successfully do both hyperlocal delivery and transportation over same infrastructure layer with a significant ratio of both…I am very glad to have Snow Leopard and PayTM on board for our Series A funding. Their vast experience in building successful consumer initiatives will help Jugnoo in its next phase of growth.”
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Telangana Jagruthi president and Former CM K Chandrasekhar Rao's daughter, K Kavitha, on Saturday launched a political outfit, named 'Telangana Rashtra Sena' (TRS).
Kavitha announced her party's name at an event held on the city outskirts.
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The Election Commission has directed the West Bengal government to suspend five police officials in Diamond Harbour and initiate disciplinary action against them, for "serious misconduct" and allegedly failing to maintain neutrality during the assembly polls, officials said on Saturday.
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Social activist Anna Hazare has said Raghav Chadha and six other Aam Aadmi Party (AAP) Rajya Sabha members would not have quit the party had it followed the "right" path.
"Everyone has the right to hold an opinion in a democracy. They (Chadha and others) must have faced some trouble, which is why they left," Hazare told reporters on Friday in Ahilyanagar district of Maharashtra.
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No repoll has been recommended in any of the polling stations in West Bengal and Tamil Nadu where assembly elections were held on Thursday, the EC officials said on Saturday.
While all 234 assembly seats in Tamil Nadu went to vote in a single phase, 152 seats in West Bengal voted in the first phase.
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Delhi Chief Minister Rekha Gupta said on Friday that the exodus of seven Rajya Sabha MPs of the AAP is a "direct blow" to the "dictatorship" of party supremo Arvind Kejriwal.
The AAP suffered a jolt on Friday as seven of its Rajya Sabha MPs, including Raghav Chadha, Ashok Mittal and Sandeep Pathak, quit the party, with Chadha asserting that the Arvind Kejriwal-led party had strayed from its principles.
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