PiggyRide, a transport service for kids, has raised Rs 7.5 crore led by JAFCO Investment Asia Pacific, along with a clutch of angel investors, including InMobi’s Naveen Tewari; Livspace Co-founders Ramakant Sharma and Anuj Srivastava; Goldman Sachs’ MD, Niladri Mukhopadhyay; Zipdial’s Amiya Pathak; and EzCred’s Sachin Maheshwari. It was founded by Manish Tewari along with Rohan Kaushal, in 2019.
The company operates in more than 50 academies, schools, day-care centres, and coaching institutes and also launch their services in Delhi-NCR this month. They serve kids in the age group of 2 to 18-year-old, to make their life less hectic. The startup aims to touch 5,000 rides a day with a presence in three cities in the next six months.
The company will utilize the funds for expansion and business growth.
Piggy Ride Visions:
“We visualize to help parents entangled with their time and work to solve their extra hustle to drive their kids to their academies by providing an evolutionary cab facility which can ensure security and care and can help our society to convert into a safe environment for kids.”
Mission:
“We aim to see Piggy Ride turn as an evolutionary way for the kids of our society where they can travel anywhere or everywhere with a feeling of being safe and cared for.
Our goal is to create a line of trust for the parents of our nation who are struggling hard to manage time with their work and want their children to grow in an environment where they can see their kids traveling without them and can feel secure.”
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