Inflection Point Ventures, Roots Ventures, and Blume Founders Fund collectively contributed INR 20 Cr to Raaho’s expanded pre-Series financing.
Nitish Mittersain, the founder of IPV and Nazara Technologies, led a pre-Series A round of funding for the trucking business that garnered INR 12.5 Cr in 2021.
Raaho will utilize the additional funding to broaden its geographic reach throughout the nation and improve its data science and machine learning skills.
Inflection Point Ventures (IPV), Roots Ventures, and Blume Founders Fund contributed to the INR 20 Cr ($2.4 Mn) raised by Raaho as part of its expanded pre-Series A investment. Prominent angel investors including Paytm founder Vijay Shekhar Sharma and CRED founder Kunal Shah also took part in the investment round. The business stated in a statement that it plans to utilize the additional funding to broaden its geographic reach across the nation and enhance its data science and machine learning (ML) skills.
