IndusGo raises Rs 100 Cr in its second round of funding
Self-drive car rentals platform, IndusGo bagged funding of Rs 100 crore from the parent company, Indus Motors.
The company plans to use the funds to expand its fleet of vehicles by 1,000 cars in addition to the existing fleet of 480 cars, employ advanced cutting-edge technology, provide a seamless booking process, and hire additional staff to improve customer service.
Founded in 2018, IndusGo operates on a self-drive car rental business model, where customers can reserve a car for a few hours, days, or even months through the IndusGo app and website.
The company is planning to launch across metro cities in South India like Bangalore and Hyderabad.
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