Commut enables the users to book a ride from a specific pickup to a specific drop point through its app. It currently has 35 minibuses running on 50 routes in Hyderabad.
The newly raised capital will be used for its expansion, team building and technology upgrade.
Prasanth Garapati, co-founder of Commut said, “With this round of funding, we hope to reach 2,500+ rides per day in three months and 5,000+ rides per day by the end of the year.”
With over 500 users everyday, in a span of four months since inception, Commut has served over 17,000 bookings till date, and has over 5000 users registered on its platform.
Prior to this in March 2016, Commut acquired app-based cab service company H2O Cabs for an undisclosed amount.
The development was first reported by ET.
Sequoia Capital-backed on-demand bus aggregation platform Shuttl also provides shuttle service. Other Cab-hailing service providers include Ola, Uber, Brazil-based Tripda, and France-based BlaBlaCar. Other startups in the car-pooling space include PoolCircle, Let’s Ride, Ryde, etc.
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.