Shuttle service provider Commut raises funding from 50K ventures2 years ago Shalini B
Today is a surely a great day for the team of Commut – they have two reasons to celebrate the weekend with a bash.
Firstly, they have been successful in raising a funding of $200, 000 from city based 50K Ventures. Secondly, Sudhakar Pasupunuri, one of the co-founders of Redbus has joined the board of Commut. 50K ventures is a seed fund platform for tech startups at the earliest stage of their life-cycles and connecting them with dedicated mentors and launching into different markets.
‘Commut’, a minibus shuttle service for daily office commuters operates air conditioned mini buses at high frequency in popular routes at very affordable prices. The app enables you to book your ride from a specific pickup and drop point (point to point service). This startup is the brainchild of a bunch of IIIT-ians from Hyderabad, Prasanth Garapati, Hemanth Jonnalagadda, Sandeep Kachavarapu, Charan Thota, Srujai Varikuti. StartupHyderabad.com had featured Commut earlier this year.
“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.”, quotes the excited co-founder, Prasanth Garapati.
Commut has experienced over 500+ daily users and over 5000+ user registrations in a span of just 4 months since its inception. Today, it has successfully served over 17, 000 bookings and with the funded amount it plans to build technology, expand its operations and build its team.
This startup had recently acquired another city based startup H2O cabs as well. Commut is surely climbing up the ladder of success to fulfil the dreams of the co – founders while solving the base problem of transportation in the city.
Kudos to the team and hearty congratulations for all the good things that have just happened to you guys!