Star India batter KL Rahul contributes in OTO's fresh $10 Million fundraiser

Emerging digital commerce venture named- OTO, revealed on Tuesday (February 6) that they have successfully managed to gain a significant investment amount of USD $10 million (INR 83 Crore approx) from a key investor in the form of star India batter, KL Rahul. Notably, the fresh move was initiated by the GMO Venture Partners along with existing investors viz- Matrix Partners, 9Unicorn Funds and Prime Venture Partners. Additionally, Turbostart is also in the groove along with some family offices of OTO involved in the fundraiser.

The fresh funding was executed with the aim of expanding the company's existing tie-ups and presence to more than 30 cities as the target. Besides, the said fundraising will help OTO to back their smooth transition to the electric vehicles segment. As a result, this will enable OTO to solidify its existing partnerships.

"OTO has recently raised funding of $10 million. The latest funds will strategically expand OTO's presence to over 30 cities, support the transition to electric vehicles, and fortify existing partnerships," the company said in their statement as per Deccan Herald.

KL Rahul nursing injury, return doubtful for Third Test against England

Notably, KL Rahul transitioned smoothly to his middle order role as a batter during the first Test of the series between India and England. Speaking of the opening match which was played in Hyderabad, the Karnataka-based batter produced a match-defining knock of 86 runs in India's first innings. While in the second innings, Rahul did get a start (22 runs) but failed to convert it into a big knock which could have possibly put Team India in the box seat.

As a result, Team India lost the game in what was an absolute humdinger and went down to the wire and the hosts faced a historic first loss at Hyderabad by 28 runs. Currently, KL Rahul is doing his rehabilitation at the National Cricket Academy (NCA) in Bangalore. Notably the star batter had complained of discomfort in his right quadriceps after which was pulled out of Vizag Test. Thereafter Sarfaraz Khan and Sourabh Kumar got their maiden India call up to the Test side after another star Ravindra Jadeja too suffered an injury. It is still unclear whether Rahul will be able to recover in time for the third Test to be played at Raipur.