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  • Auto Rickshaw Aggregator Jugnoo Raises $5

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    Payasam Abhilash
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    An article on Jugnoo. An app similar to OLA

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    Auto rickshaw aggregator Jugnoo raises $5

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    An article on Jugnoo. An app similar to OLA

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    26 views1 page

    Auto Rickshaw Aggregator Jugnoo Raises $5

    Uploaded by

    Payasam Abhilash
    An article on Jugnoo. An app similar to OLA

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1/20/2016

    AutorickshawaggregatorJugnooraises$5.5millioninSeriesBfundingTheEconomicTimes

    SearchforNews,StockQuotes&NAV's

    Youarehere: ETHome SmallBiz Startups

    AutorickshawaggregatorJugnooraises$5.5millionin
    SeriesBfunding
    PostaComment

    ByETBureau|20Jan,2016,01.17PMIST

    NEWDELHI:Jugnoo,anondemandautorickshawaggregator,hasraised$5.5millionin
    SeriesBroundoffundingledbyPaytmwithparticipationfromSnowLeopard.Sinceits
    launchinNovember2014,Jugnoohasextendeditsservicesin22citieswith2millionusers
    and30,000transactionsperday.
    Jugnoohadraised$3mninthefirsttrancheofthisround,adding$2.5mninthesecond
    tranche,makingitatotalof$5.5millionfortheSeriesBround.
    ThefundswillenableJugnootoexpandpanIndia,launchnewoffices,improvingsupply
    quality,incentivesandrewardstargetedtowardsdriverwelfareandperformance
    improvement,scalingupmarketingandadvertisingcampaigns.SamarSingla,cofounder
    andCEO,Jugnoo,commented"WeseegreatprospectslinedupforJugnoowiththis
    funding.Ourgrowthisimprovingwitheachnewcityexpansion.Wewillinvestthisfundingto
    increaseourpresenceto25morecitiesoverthecomingsixmonthsandprovideaccessto
    theremotestcornersofthecountry."

    Jugnoohadraised$3mninthefirsttrancheofthisround,
    adding$2.5mninthesecondtranche,makingitatotalof$5.5
    millionfortheSeriesBround.

    ETSPECIAL: Lovevisualaspectofnews?Enjoy
    thisexclusiveslideshowstreat!

    ChrisKolenaty,founder,SnowLeopardVentures:"Byincreasingautoutilisationand
    bringingstructureintothisspace,theyhavetransformedthemarketcompletely.Their'sisanofferingthatmakescompletepracticalsense
    intoday'sscenario."
    VijayShekharSharma,founderandCEOofPaytm:"Sinceitsinception,thecompanyhasbeenshowingaverypromisinggrowth.Withits
    focussedapproachandhighuserengagement,theyhavesucceededinunderstandingtheautorickshawspacereallywell."
    StayontopofbusinessnewswithTheEconomicTimesApp.DownloaditNow!

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    http://economictimes.indiatimes.com/smallbiz/startups/autorickshawaggregatorjugnooraises55millioninseriesbfunding/articleshow/50652013.c

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