India-based transportation company MoveInSync Technology Solutions raised $4m in series A funding from investors including Qualcomm Ventures, the corporate venturing arm of wireless technology company Qualcomm, Times of India reported on Wednesday.
Qualcomm Ventures, the corporate venturing arm of wireless technology company Qualcomm, was joined in the round by Inventus Capital Partners and Saama Capital.
MoveInSync’s transportation service is used by organisations in the IT, outsourcing and air transport sectors to provide pickup and drop services for their employees, reducing costs and improving employee satisfaction by cutting employee travel time through route optimisation. It is used by more than 35,000 employees in nine Indian cities.
“This investment by three investors is a vote of confidence in our vision and continued traction that we are witnessing in the market,” said Deepesh Agrawal, CEO of MoveInSync.