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Ride-Sharing Platform Cloudacar Raises Funding

Ride-Sharing Platform Cloudacar Raises Funding

Pune-based social commute platform for ride-sharing, Cloudacar, has raised an undisclosed amount of funding from Amit Choudhary, Snapdeal’s Senior VP (Corporate Finance) and Anuj Puri, chairman real estate services firm JLL India. Sumit Goyal, chief financial officer of Coca-Cola, Nepal also participated in this round, reported Livemint.

Cloudacar was founded by Prajwal Zende, Rishabh Sawansukha, Ashutosh Sathe and Mandar Landhe in 2015, and the operation was launched in January 2016. It offers car-pooling solution, especially targeted at office goers.

Users can register on the mobile app, by logging on to Facebook or LinkedIn. Once verified, users can create their trips, and build a community of commuters who stay nearby or work in the same office.

The startup also plans to work with companies to offer personalised car-pooling facility for their employees. It has so far tied up with JLL India.

Prior to this, In January 2016, Gurgaon-based car-pooling app, Orahi, raised about $450K in a funding round from Indian Angel Network, an early-stage investor. Other startups in the car-pooling space include PoolCircle, Let’s Ride, Ryde, among others.

Apart from this, Cab-hailing service, Ola and Uber, also introduced their private car-pooling services last year. Meanwhile, international companies like Brazil-based Tripda and France-based BlaBlaCars also launched their services in India last year.


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Author

Aparna Mishra

Inc42 Staff

After a 2-year-stint at Ernst & Young, Aparna moved to Journalism. Her prior experience enables her to understand business management. An avid reader and a traveller she hopes to gain insights on the startup ecosystem at Inc42.

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