Tiger Global splurges in India

The funding deal values Apna at USD 570 million, five times more than what it was valued at just three months ago when it raised USD 12.5 million in its Series A round.

The latest round, which reportedly values GoMechanic at USD 315–320 million, takes the total funding raised by the five-year-old startup to date to USD 55 million.

Locus plans to use the funds for improving geographical reach as well as building its research and development team to expand its product line.