In a different segment of startup, driven by kids safety on roads, PiggyRide, a transport service for kids, has raised INR 7.5 crore from JAFCO Investment Asia Pacific, along with a clutch of angel investors, reported Yourstory.
Manish Tewari, CEO, and Co-founder, PiggyRide, said, “Our mission is to make the parents’ life hassle-free with a simple, flexible and safe experience for their kids. Since our launch, we have been growing 100 percent every month, clocking in about 1,000 rides on average with about 27 rides per user. PiggyRide is glad to welcome a marquee set of investors who believe in the startup’s mission and also continue to be invaluable customers.”
PiggyRide was founded by Manish Tewari and Rohan Kaushal in early 2019. As per its LinkedIn page, PiggyRide platform is installed with various technical devices that help track a kid’s location on a real-time basis, watch a video feed of the ride on-demand, and a lot more just through its app.
The startup PiggyRide claims that it ensures a 15-step verification process that includes a rigorous background check, and police verification of the drivers to onboard them, ensuring maximum security for the kids.
PiggyRide serves kids from more than 50 academies, schools, day-care centres, and coaching institutes.
The company will launch its services in Delhi-NCR this month. While, in the next six months, the startup aims to touch 5,000 rides a day with a presence in three cities.
“We are also building a local discovery platform for kid’s activities through a trusted community of parents using our services, where they will be able to book the services, read other parents rating, reviews, etc.,” Rohan Kaushal, Co-founder, PiggyRide, said.