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GrowthCap Ventures invests In ridesharing mobility startup Advance Mobility

IndianStartupNewsIndianStartupNews · 8m
GrowthCap Ventures invests In ridesharing mobility startup Advance Mobility

GrowthCap Ventures has made its first investment in Advance Mobility, a ridesharing startup, as part of its foray into the mobility sector. The move signifies GrowthCap Ventures' commitment to supporting innovative solutions in fintech and mobility, with a focus on addressing challenges in the evolving mobility ecosystem. The investment comes amidst India's rapidly transforming infrastructure and transportation sectors, presenting significant opportunities for innovative mobility solutions. GrowthCap Ventures, led by founder Pratekk Agarwaal, aims to identify and support high-potential startups in these sectors. The company recently secured an initial funding of Rs 20 crore from industry leaders and mentors.

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