360Ride, a Bengaluru-based ride-sharing start-up, raises Rs 1 crore in seed funding.
360Ride, a Bengaluru-based ride sharing start-up, has raised 1 Cr in seed funding by a Delhi based Investor.
Bengaluru | RNW | By J Vignesh, ET Bureau | 6 Jan, 2016, 08.35 PM IST. The start-up is planning to use the funds to expand its marketing and promotional campaign and create awareness. "We are very happy to be backed by an investor who understands the industry really well and whose interest are aligned with ours. We are bound with the vision of providing an easy ride sharing platform that can offer a low cost, P2P powered transportation systems and provide a convenient and hassle free commute for everyone," said Lokesh Bevara, CEO & Founder of 360Ride.
360Ride was launched in September 2015. "When Lokesh was pitching the idea we were thrilled with his vision of making ride sharing a main stream transportation in India. We see a huge potential in this segment and are excited to be associated with 360Ride. We believe that 360Ride is going to change the way how ride sharing is done in India," said the investor.
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