Bengaluru-based employee transportation startup MoveInSync Technology Solutions has raised $8 Mn in Series B funding round led by Nexus Venture Partners. Existing investors including Inventus Capital Partners, Saama Capital and Qualcomm Ventures also participated in this round.
The startup plans to use the funding to further develop end-to-end transport offerings, accelerating customer acquisition and pace up its launch in the international markets.
Commenting on the development, Deepesh Agarwal, CEO, MoveInSync, said, ““We created a ‘made
in India’ solution to address the market need, and are now excited with the opportunity to increase our customer base and take this solution to international markets. This investment further validates the company’s vision of using technology to bring efficiency and predictability in the transportation market. By leveraging MoveInSync’s transport automation solution, companies see increased employee satisfaction and are able to address employee safety.”