For commuters, last-mile connectivity is still one of the major challenges in India for a long time. However, it’s changing with the emergence of startups such as Rapido, Vogo, Bounce and Yulu among a few others.

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.

Continue reading Fosun and Stellaris VP back last mile shuttle service Loca Rides at Entrackr.