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Car Rental Startup JustRide Raises $400K From Angel Investors

Car Rental Startup JustRide Raises $400K From Angel Investors

Mumbai-based car rental service provider, JustRide, has raised $400K in pre-Series A round of funding from a group of angel investors including Dheeraj Jain, partner at Redcliffe Capital, reported Livemint.

JustRide was founded in April 2015 by Ashwarya Pratap Singh, Hemant Kumar Sah, Vasant Verma, Abhishek Mahajan and Amit Sahu.

The newly raised capital will be used by the startup to enhance its technology. JustRide is also in talks with an Indian FMCG company to raise $2 Mn in Series A round.

JustRide aggregates cars from individual car owners and tours & travel operators. The startup claims to have over 350 cars on its platform.

Prior to this, in November last year JustRide, raised a funding of $2 Mn. It indirectly competes with taxi aggregators and ride-sharing startups like OlaUber,Brazil-based Tripda and France-based BlaBlaCarsLet’s Ride, PoolCircle, and Ryde, among others.

Earlier this week, Pune-based social commute platform for ride-sharing, Cloudacar, 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.


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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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