Tummoc, a Bengaluru based company, has announced that it has raised $540K in a seed funding round. The round saw participation from angel investors like founder of HMPL Consulting – Vineet Singh; Software Development Manager, Amazon – Krishna D; Strategy & Operations, Google – Deependra Bisht, and Alan Aim, Founder – Right Buy U.
Speaking on the announcement, Hiranmay Mallick, Co-founder, Tummoc, commented, “We are delighted to have concluded our seed funding round with capital raised from industry stalwarts who will also serve as a guiding force to help us in charting the road ahead at Tummoc. We will be using the investment to fund the expansion of our operations to other key metro cities in the country including Delhi, Mumbai, Hyderabad, Chennai, Jaipur, Lucknow, and Kochi by end of this calendar year.”
Hiranmay further said, “Born out of the understanding that many commuters are unable to effectively use public modes of transportation due to a lack of credible information, we have introduced many additional features since inception that have served to enhance the user experience. We remain committed to simplifying public transport further through constant innovation.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.