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BCAP invests in ride-hailing company Scotty

BCAP Partners Ltd. invested an undisclosed amount in Turkish ride-hailing company Scotty Technologies Inc.

The investment is the first to be made via the private equity firm's Launchpad initiative, which provides value-add capital to scale early-stage, founder-driven businesses.

Scotty is a three-year-old startup that offers ride-hailing and courier services.