Company Name : Orahi
Funding Amount : Rs 3.5 crores
Investor(s) Indian Angel Network.
Funding Round : Angel Round
Indian Angel Network has invested Rs 3.5 crores in carpooling app, Orahi. IAN Investors, Vinish Kathuria and Amandeep Gupta led the round and will join the board of Orahi.
The Orahi platform is built on hyper local community. In particular during the ongoing Odd-even days initiative, Orahi saw an increase traffic to 400%, registrations to 300% and car rides to 250%.
“We are one of the very few companies across the world that has been able to crack the difficult model of car-pooling for the users – bringing in trust, speed, credibility & safety while helping bring down traffic congestion & pollution.India has 30 million cars on road and we are going to target 10% of these cars to enable carpooling in next two years,” said Sameer Khanna, Founder and CEO, Orahi.
Orahi will use IAN’s investment to enhance the product and its functionalities, grow the team, increase its users and enhance its presence.