TVS Motor increases stake by 5.6% in RentOnGo
Two wheeler major TVS Motor is in a start-up acquistion mode, going by its activities in the recent past. After acquiring a minority stake in Bengaluru-based electric two-wheeler and energy infrastructure start up Ultraviolette Automotive Pvt Ltd in December, now the company has said it is increasing its stake in Condivision Solutions Private Limited, which operates RentOnGo, an online marketplace for renting bikes.The Chennai-based two-wheeler firm said it has acquired additional 5.6 per cent stake in Condivision by investing Rs 50 lakh. Consequent to the additional investment, company's holding has increased to 29.6 per cent.Condivision Solutions Private Limited provides an online platform for connecting renters with owners in Bengaluru, Delhi/NCR, Hyderabad, Mumbai, and Pune, India.The company offers rental information for various products, including furniture, electronics and appliances, adventure gear, fancy dress, wedding chairs and tables, medical supplies, bikes and scooters, .09-01-2018