Fresh from getting $300k early this year from angel investors, Tunisia’s Intigo has raised fresh funds amounting to a little over $1 million (TND 2.9 million) from Capsa Capital Partners (about $710,000) and some angel investors. Another $300,000, had earlier in November, 2019 been invested into the startup by some angel investors.
The bike ride hailing and logistics company intends to use the fresh funds to further expand into existing categories that they’re operating in and potentially explore other areas too including car sharing.
While speaking to Menabytes, Bassem Bouguerra, the co-founder and CEO of IntiGo also said that they will use a part of the investment to hire more resources and build and internal R&D team.
Intigo had, in March 2020, launched its grocery and concierge delivery services. IntiGo’s ride-hailing activities were hit badly by the pandemic because of the lockdown. The company was doing 12,000 rides a month before Covid-19. However the transportation business is picking up slowly and it plans to open up to independent drivers (with their own motorbikes) next month.
