JustRide | Pixr8 News

8Nov By AnkitaNo Comments

FUNDING

Mumbai Based Car Rental Startup Justride Raises 20 Crore Funding From Y Combinator

Mumbai Based Car rental startup JustRide raises 20 Crore (about $3 million) funding from global investors, including Y-Combinator partners. Justride will use funding for expanding the company's car-sharing platform JustConnect and developing Yabber, an IoT device that works on connected car technology and data analytics to analyze the driving skills of the customers. "A vast majority in India do not have access to personal transport, presenting an extensive market for car rentals. The challenge is to build a sustainable car-sharing model to cater to the average urban commuters, while keeping in mind the interests of the car owners, who have a depreciating asset that is their car and does not get any return on it," said Ashwarya Singh, chief executive officer and co-founder, JustRide. ...

3 Indian Startups Making Their Way To The Silicon Valley

Y Combinators(YC) has inducted three of Indian Startups for the summer batch. It is fit the first time that a bunch of Indian startups have made their ways into Silicon Valley's one of most coveted accelerator programmes. The three startups that have been selected by YC are Innov8, a co-working space in CP, New Delhi, JustRide, a self-ride car rental app, and Meesho, an app for sellers on Whatsapp and Facebook. The accelerator will be investing $120,000 in startups for a 7% equity stake across two batches every year, and the programme is based out of its Mountain View headquarters. "Each of the founders from India in the current batch has personal experience with the problems they are solving, which gives them unique insights into the market they operate in. India is now only second...

JustRide in Google Launchpad list, to get equity-free seed funding

Self-drive car rental aggregator JustRide will get up to $50,000 (around Rs 3.3 million) in equity-free seed funding from Google as part of being selected for the internet giant’s startup accelerator programme, Google Launchpad. Google Launchpad is specifically for mobile startups in India, Brazil and Indonesia. The Launchpad accelerator provides a two-week mentorship programme, up to $50,000 in equity-free seed funding and a further $250,000 of assistance including access to Google’s products such as Maps and Adwords and financial assistance for office space. The accelerator programme kicks off on January 18 in Silicon Valley with its first batch of companies. JustRide is currently in the process of raising Series A round of funding which it plans to use to scale services to o...