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Mumbai-based Bus aggregator, Limo, owned by Raftaar Technologies, has raised $1 Mn from Rainmaker Ventures.
Founded in 2015 by Siddharth Sharma, Anshul Khandelwal and Vivek Choksi, Limo (formerly known as rBus) is focussed on delivering urban mobility.
The team believes that a smart bus system can solve the urban mobility problems today, without any additional investments in infrastructure or technology.
Siddharth Sharma, co-founder, Limo said, “At Limo, we were clear that we wanted to make a bus service that would be as comfortable and convenient as your car at a fraction of the cost. With more than three lakh rides served and with more than half the passengers having given up using their cars to reach office, Limo is proving every day that buses, when done right, can be the answer to many commuters woes.”
Limo runs chartered buses for corporates and individuals for office commute. The bookings are done via advance payments.
Limo provides services like wi-fi, app-enabled payments, flexible timings, and live tracking of buses.
Prior to this in August 2015, Raftaar Technologies raised an undisclosed amount of seed fund from India Quotient, People Group founder Anupam Mittal and others.
Other startups in this segment in the Delhi-NCR market include Shuttl, Zipgo, CityFlo, Ola Shuttle, etc.
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