Hyderabad-based mini bus shuttle service Commut has raised around Rs 1.3 crore from investment venture 50K ventures. Along ewith this development, Sudhakar Pasupunuri, who is the co-founder of Redbus, has joined the board of Commut. The startup that has been founded around 5 months back, has plans to utilize these funds for expansion, team building and technological development. Prasanth Garapati, who is the co-founder, Commut, says in a statement:
“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,”
Pasupunuri, who joined the startups board, believes that Commut is filling the huge un-served gap in urban transport by providing an organized transport solution for regular office commuters. He adds:
“A solution which is comfortable, affordable and safe, alongside its strong positive social impact on the environment by addressing its key issues today—pollution and traffic,”
The startup offers its shuttle services across 50 routes in Hyderabad. It enables users to book a seat via its phone app, in any of its high frequency operating, air conditioned mini buses at affordable prices.All you need to do is select a route, and select ride based on your convenient time and finally confirm your booking details and enjoy the ride . The startup claims to be clocking more than 700 rides every day with a fleet of 42 mini bus shuttles.
This funding comes just days after Commut acquired app-based cab service company H2O Cabs for an undisclosed amount. The deal was done in a bid to strengthen Commut’s verticals and increase its current foothold in the market. Commut was founded in 2015 by Prasanth Garapati, Hemanth Jonnalagadda and Sandeep Kachavarapu, and is a technology-based minibus shuttle service for daily office commuters.