Signals, Powered By EquityPandit
Commut, the Hyderabad based mini bus shuttle service, has raised $200,000 (about Rs 1.3 crore) from investment platform 50K ventures.
The co-founder of Redbus, Sudhakar Pasupunuri has joined the board of Commut.
The start up aims to utilise the funds for expansion, team building and technology.
Prasanth Garapati the co-founder of Commut has said that “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.”
