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MoveInSync secures $8 million in Series B round

MoveInSync secures $8 million funding in Series B round led by Nexus Venture Partners.
BY BEx Bureau
BusinessEx
Apr 03, 2018

Bengaluru-based transport management company MoveIn Sync has raised $8 million funding in Series B round led by Nexus Venture Partners. The funding round also sees the participation from its existing investors Inventus Capital Partners, Saama Capital and Qualcomm Ventures.

In 2009, the transportation business MoveInSync was founded by Akash Maheshwari,Anuvrata Arora,and Deepesh Agarwal. The company is in the business of organizing transportation for India. It has also built a solution using this platform which is employee transportation solution. The solution is used by varied organizations like BPOs and Airlines sectors which provide pickup and drop services for their employees.

The company plans to use the raised funding to enhance its end-to-end transport services, acquire more customers and expand its operations internationally.

Agarwal told ET, "By leveraging MoveInSync's transport automation solution, companies see increased employee satisfaction and are able to address employee safety... our customers are seeing over 20 percent cost reduction within six months of implementation of our system."

Till date, the company has raised a total corpus of $12 million.

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