Indian Angel Network (IAN) has invested Rs 3.5 crore in carpooling app Orahi.
The company, which has over 45,000 registered users in Delhi-NCR, plans to use the funds to strengthen its technology platform and expand operations to other major cities such as Bangalore and Mumbai.
"IAN investors Vinish Kathuria and Amandeep Gupta led the round and will join our board of Orahi to mentor the team for fast growth," Orahi founder and CEO Sameer Khanna told PTI today.
"While carpooling is common across various parts of the world, Delhi's odd-even scheme brought this to the forefront of public conscious in India," he said.
"We saw manifold increase in usage and we think there is a lot of potential in the ride sharing and car pooling space in India. Apart from cost savings, it helps reduce pollution."
Khanna said most of Orahi's users are corporate clients and users are registered on the platform using their corporate IDs. Passengers can also chat with prospective co-passengers.
"We will use IAN's investment to enhance the product and its functionalities, grow the team, increase users and enhance its presence as the most trusted and efficient car pooling app," Khanna added.
