News

PiggyRide backing: PiggyRide bags Rs 14 crore backing led through JAFCO Asia

PiggyRide, which supplies taxicab companies for children, has actually increased Rs 14 crore in pre-Series An expenditure coming from JAFCO Asia, together with a brand-new real estate investor Artha Venture Fund.

The start-up operates 3 items consisting of PiggyDiscovery, which supplies moms and dads and also children a system to surf and also publication extracurricular interest-based tasks. It additionally runs an education and learning finance industry, PiggyFinance that supports moms and dads along with minimal non-reusable earnings to pay institution expenses in instalments.

” Our pair of most recent items PiggyDiscovery and also Piggy Finance have actually viewed a tough vibration along with our existing moms and dad viewers. Covid-19 possesses additional sped up the requirement for moms and dads to believe even more profoundly regarding their little one’s scholarly, extracurricular, and also psychological health demands, while concurrently, look for help in repayment of institution expenses to ease the economic concern,” Manish Tewari, CEO and also owner of PiggyRide, stated.

The firm intends to put in the funding brought up to size its own item and also design crew, while additionally going deeper right into existing types within the industry.

In November, PiggyRide had actually brought up Rs 7.5 crore coming from JAFCO Asia and also angel capitalists consisting of InMobi owner Naveen Tewari, Livspace founder Ramakant Sharma, Niladri, and also Sachin Maheshwari.

The Bengaluru-based firm concentrates on youngsters in between the grows older of 2 and also18 The firm’s very first item was actually a transportation system for youngsters.

” PiggyRide is actually considered a long-lasting companion to each moms and dads, and also informative principle equally, which is actually a huge defensibility in an individual company. Our experts are actually really favorable on the firm’s pair of most recent item launches in the economic companies and also education and learning area, which are actually targeted at creating the PiggyRide a full-stack ecological community for moms and dads to offer their youngsters an all natural growth expertise,” stated Supriya Singh, Director, JAFCO Asia.

PiggyRide was actually started through Manish Tewari, an IIT Varanasi graduate that earlier co-founded Koovs and also Pokkt, together with Rohan Kaushal an IIT Delhi alumnus along with over 9 years of expertise of operating carefully along with start-ups like Ola, Koovs, to name a few.

About the author

Zoe Bernard

Zoe Bernard

Zoe Bernard is a reporter who covers venture capital. Her work on art, food, and 18th century cults has been featured in publications including San Francisco Magazine, Eater, and Atlas Obscura. Despite being a second-generation Las Vegas native, she has yet to win a game of poker.
Email:zoe@marketresearchcrossover.com

Add Comment

Click here to post a comment