New Delhi: GrowthCap Ventures, an early-stage venture capital firm, has made its maiden investment in Advance Mobility. The investment signals GrowthCap Ventures’ commitment to fostering innovation and driving growth within the rapidly evolving mobility industry.
This strategic investment signifies GrowthCap Ventures’ commitment to nurturing innovative startups in the fintech and mobility sectors, leveraging Pratekk Agarwaal‘s extensive experience and network in the financial services, payments, and insurance ecosystems to drive growth and innovation, the company said in a media release.
Advance Mobility, an innovative ridesharing mobility startup, is redefining scalable fleet operations on the Uber platform. The startup is committed to overcoming prevalent challenges in the mobility ecosystem, offering solutions that benefit market players, customers, and drivers alike.
Pratekk Agarwaal, founder and general partner at GrowthCap Ventures, said, “As India’s infrastructure and transportation sectors undergo significant transformations, fueled by the government’s robust initiatives and investments, the potential for innovative mobility solutions is unprecedented. The Union Minister of Road Transport and Highways, Shri Nitin Gadkari, has initiated several projects that are set to revolutionise India’s mobility landscape. Advance Mobility, with its unique combination of finance, technology, and an enhanced mobility solution, is perfectly positioned to lead this transformation. We are thrilled to support their journey.”
