MUMBAI: Arcab, a Dubai-based start-up and technology-enabled bus aggregator, has raised an undisclosed sum in seed spherical by We Founder Circle, UpSparks VC, Charles & Zaim Azrak, and different angel buyers.
Arcab permits fleet house owners to make more cash by rising the utilisation of their autos. The corporate works with 40 plus operators together with Europcar, Avis and Dubai Taxi company with over 3k+ buses of their provide pool.
The model plans to utilising the funds to construct, preserve and scale the know-how infrastructure that facilitates the multi-sided market.
The startup will even deal with actions associated to scaling operations, constructing the model and making a sale and advertising engine to gas growth.
“Arcab has give you a singular enterprise mannequin, executing a effective know-how infrastructure. They’ve recognized some actually good markets for growth that maintain nice potential. Their enterprise mannequin is not going to simply supply companies to organisations and customers, but additionally empowers house owners with fleets to get the ball rolling once more,” stated Neeraj Tyagi, Co-founder & CEO, We Discovered Circle.
The model’s USP lies in its tech enablement which permits a fleet operator to scale back downtime, keep away from guide management, optimise fleet, and improve earnings.
“The subsequent 18 months are going to be very thrilling and essential for us to maneuver shortly, ramp up our operations and scale our footprint within the area,” stated Bilal Shabandri ,Co-founder & CEO, Arcab.
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