Hyperlocal Travel Service Platform Jugnoo Secures $5 M In Funding From Snow Leopard & Paytm

On-demand hyperlocal travel service platform, Jugnoo which connects drivers with passengers has raised US $5 million in a series A funding from Snow Leopard and Paytm.

Jugnoo

The company is planning to expand its services to over 15 cities across the country by the end this year.

“Jugnoo is serving over 150k people across four cities, and we plan to expand services to every city and town possible over the next five years,” says, Samar Singla, Founder and CEO, Jugnoo.

Jugnoo is an on-demand service platform that connects the passengers with its community drivers. The driver in close proximity picks up the ride request and charges the passenger according to the distance computed via Global Positioning System (GPS) on their cell phone.

At present the services are available 24 hours in Chandigarh Tri City area as well as in Ludhiana, Amritsar and Jaipur with verified and trained drivers.

Earlier, the company had raised $1 million in funding from  from investors including Rakesh Mathur, the CEO of Flywheel (earlier co-founded Junglee) and actress Saumya Tandon.

 

Add comment

NextBigWhat brings you curated insights and wisdom on product and growth from the wild web.

Over 2 million people receive our weekly curated insights.

Newsletter

Newsletter