Online outstation taxi marketplace InstaCar has raised an undisclosed sum from Uber investor David Cohen while Credence Whole Foods Pvt. Ltd snagged over $1 million in a strategic investment from IndoCan Honey.
InstaCar raises capital from Uber Cabs investor
Outstation taxi marketplace InstaCar has raised an undisclosed sum from Uber investor David Cohen, according to an announcement.
Founded in August 2016, InstaCar provides inter-city car rental solutions offering a one-way fare ride to commuters for outstation trips up to 400 km.
The company claims that it has more than 30,000 registered users to date.
InstaCar was one of the startups that got selected among the Techstars and got an opportunity to present before Cohen. This is Cohen’s second investment in a logistics and transportation startup after Uber.
In 2016, InstaCar raised $1 million as seed funding from Hong Kong-based Swastika Company Ltd.
Credence Whole Foods raises $1m from IndoCan Honey
Dairy and whole foods startup Credence Whole Foods Pvt. Ltd has raised over $1 million in a strategic investment from IndoCan Honey Pvt. Ltd, VCCircle.com reported.
The company, which operates under NutriMoo brand, will use the proceeds for market expansion and invest in product and backward linkages. It will also promote the marketing of its products through a network of supermarkets and grocery stores.
IndoCan Honey said it will not only help NutriMoo fund its expansion plans but will also invest in crucial product expansion and backward linkages.