Matrix Partners India and Lightspeed Venture Partners also participated in the latest round of funding, taking the total capital to about Rs 310 cr.
“We are delighted to back Teewe to build the next generation of hardware, made intelligent with integrated software services," said Singh.
VCs like of Accel Partners India, Nexus Venture Partners & SAIF Partners pool in $1 billion for Indian start-ups
Accel, an early investor in Flipkart, on Tuesday closed a $305 million (Rs 1,900 crore) fund, nearly double the size of its previous fund raised four years ago.
A spokesperson said the latest fund-raising was done at a valuation of close to $100 million, or Rs 623 crore. ET could not independently confirm this.
Accel, best known as an early investor in Flipkart, expects to make more investments in consumer, enterprise software, mobile and healthcare sectors.
The three-year-old startup has been founded by Ajith Karimpana, who has worked at Morgan Stanley and Goldman Sachs in the US.
Parkway is owned by Malaysia's IHH Healthcare, which also holds over a 10 per cent in India's largest hospital chain, Apollo Hospitals.
Mahindra First Choice declined to disclose the valuation, except say that it is north of a $100 million (Rs 621 crore).
When the four-year-old Ola acquired smaller rival TaxiForSure in February, it was estimated to be worth about $1.4 billion.
CapAleph Advisors hopes to raise Rs 125 crore private equity fund from domestic institutions and HNIs by December this year.
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