Delhi-based fleet management startup BT TechLabs, the parent company of LocoNav, has raised $4 Mn (INR 28 Cr) in a Series B round of funding. According to the Ministry of Corporate Affairs filings, the investment has come in from the company’s existing investor Sequoia Capital in two tranches from January to May 2019. — Inc42

Samvad Partners advised BT TechLabs Private Limited, which operates LocoNav, led by a team of partner Ashwini Vittalachar and associate Sanjana Mathur.

Themis Associates advised Sequoia Capital, led by partner Amritha Salian and associates Alimpan Chatterjee and Anmol Jain.

2019-05-10

Deal value: Confidential

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