GoToMobility, a real-time intercity mobility app, has raised $150,000 from ex-Uber finance head Jesse Lucas. Post funding, the startup is valued at about $11 million.
Lucas was the 15th employee of Uber and took it up to the IPO in 2018. His knowledge and expertise in this business is surely more valuable than his investment amount, the startup said in a statement. With the presence of Jesse, GoTo will be able to attack the market more aggressively, the statement added.
GoTo is currently offering its services in North India.
“It was not at all easy to raise money, specially in 2020 because COVID-19 has affected the entire transportation industry. I have been advised by many people to shut it down soon as lockdown was declared but it was the only option that I was not ready to opt for,” said Co-founder Harsh Vardhan Sharma.
I was always interested in people who were with Uber at its very early stage. We are not only pleased that Jesse has invested with us, we are pleased because he is joining us on the board of directors as well because his expertise in finance is something we were looking for for our mentorship,” Harsh added.
Founded by Harsh Vardhan Sharma and Akhilesh Sagar in 2020, GoTo is a daily commuter for the intercity segment and operates on exclusive fleets and owns 100 percent of its inventory.
“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,” said Co-founder Akhilesh Sagar.
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