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MoveInSync raises $5M from Inventus, Qualcomm & Saama Capital

moveinsync-logoBangalore-based employee transport solution provider MoveInSync has raised $5 million investment from Inventus Capital Partners, Qualcomm Ventures and Saama Capital, the company has told TechCircle.

MoveInSync co-founder Deepesh Agarwal told the publication that they will be using this investment open new offices in Mumbai, Chennai & Delhi, strengthen their sales & engineering teams and enter the logistics segment.

MoveInSync was co-founded in 2009 by Akash Maheswari, Anuvrata Arora and Deepesh Agrawal. It started off as a car pooling service called RideInSync and later pivoted to the current avatar when it transitioned into a transportation management platform which helps companies automate all aspects of their transportation solutions.

The startup currently provides a transport management solution called Employee Transportation Solution (ETS) to companies to manage their cab fleets. The system works by installing a touch screen device inside the cabs. This device then syncs with a web server to provide real time data on Routing, Employee Cab Usage Records, Tracking and Reporting. The service uses a PIN-based authentication system to verify and track employees and also provides an automated Billing solution.

The service also includes an alert mechanism which reports any unscheduled vehicle stops, employee drop off at a location other than their home, delay in employee drop off and driver overspeeding among others.

MoveInSync currently counts Google, Oracle and HSBC among others as its clients. The company currently operates in nine Indian cities including Bangalore, Mumbai, Delhi, Kolkata, Pune, Vadodara, Chennai, Hyderabad and Vizag. It claims that its SAAS based system is used in 3,500 cabs to service over 30,000 employees.


AssetTrackr also offers vehicle tracking solutions and had raised $500,000 investment in March last year. Blume Ventures-backed Verayu also offers a GPS tracking device for vehicles called Yantra

Location based services and maps company MapmyIndia had also introduced a vehicle safety solution with house-level data called Rover in April this year.

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