Pre-Series A investment round in Transportation as a Service Platform backed by Ixigo

By Suneet
Posted On: 28 / May / 2021
0 629

Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Transportation
Charge

Deal Status

Active

Deal Description

The founders are currently looking for a pre-series A round of 1 Mn out of which they have received an approx. commitment of USD 700K. Current commitments are from a leading startup incubator - $500K, leading travel aggregator platform - $ 100-150K, Singapore-based Micro VC Fund- $50-100K, Angel Investor - $ 25K. They are looking out for co-investors for another $200 - $300K and are open to Angels or Funds. The startup is building mobility solutions for Bharat (for next half billion) by providing transparent, reliable, convenient commute options by leveraging TAAS (Transportation as a Service) as an enabler. Instead of competing with OTAs (e.g., MMT, ixigo) and Online Operators (e.g., Intercity, Zingbus), the company complements them. Metrics: - Total Bookings - 30k + - Cities Connected - 100+ - Customer Conversion - 35% - 1st company with OEM Partnership Existing Investors: The company is being supported by mobility enthusiasts including Aloke Bajpai & Rajnish Kumar (IXIGO), Rajesh Sawhney (GSF) & Abhishek Sharma (Dineout), Megehold- Singapore

No Files Attached

Deal Value
2.4 Crore
Targeted Region
Americas

Revenue

2019-20
7.99 Crore
2020-21
7.99 Crore
2021-22
7.99 Crore