Delhi-Based Intercity Transit Platform ‘GoToMobility’ Raises $150,000 In Funding
GoToMobility, a Delhi-based intercity transit platform, has raised $150,000 from ex-Uber finance head, Jesse Lucas, at a valuation of around $11 million.
Before raising this funding, the startup claimed to have seen more than 200 rejections from investors and VC. And the startup is at present raising $2.5 million in its seed funding round, which is expected to be closed in the next six months.
Started by Harsh Vardhan Sharma and Akhilesh Sagar in 2020, GoTo is a real-time intercity mobility app, which shows the real-time availability of Fleets running towards the user’s destination.
GoTo operates on exclusive fleets and owns 100% of its inventory.
Talking about the startup, Co-founder Akhilesh Sagar said,
“GoTo is just not an app, it is the future technology for 1.25 billion people in India. Our focus is on providing a wow experience to commuters who are actually suffering on daily basis in SRTC services as well as having a painful experience in the current bus online booking system.”
The company has a current growth rate of 2x month on month, and the startup aims to multiply its current growth rate 10X more from April onwards.
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