MOVEINSYNC RAISES SERIES A FUNDING

MOVEINSYNC RAISES SERIES A FUNDING

MoveInSync Technology Solutions has announced that it has raised undisclosed sum in its Series A funding from Inventus Capital Partners, Saama Capital and Qualcomm Ventures. The Bangalore-based firm is a market leader in enterprise transport automation solutions. The fresh capital raised will be used for expansion of the existing business lines.

Deepesh Agrawal, Co-Founder and CEO of MoveInSync Technology Solutions comments, “Investment by Inventus Capital Partners, Saama Capital and Qualcomm Ventures is a vote of confidence in our vision and continued traction that we are witnessing in the market. By leveraging on MoveInSync’s transport automation solution companies see increased employee satisfaction, lower costs and are able to address employee safety related issues. Companies witness efficiency improvement of between 15-20% within 6 months of implementation of our system.”

ETS (Employee Transportation Solution) is the latest offering from company that is an end-to-end solution which caters to all stakeholders in the transportation ecosystem i.e. employees, drivers, transport team and cab vendors. The transport manager has complete control over the operations in real time. ETS consists of two parts: a touch screen device installed in the cab, and a reliable server hosted in the cloud.

“MoveInSync has changed the way Indian enterprise look at employee transportation. By combining the mobile platform with a robust cloud based offering, MoveInSync solves a core problem. The use technology makes the transportation ecosystem fair for all” says one of the founders Anuvrata.

The current round of funding validates the company’s vision of using technology to bring efficiency and predictability in the transportation market and will provide better space to move towards the next level of growth.