Tunisia’s IntiGo raises USD 300,000 from angel investors

Tunisian taxi-scooter startup, IntiGo, has raised USD 300,000 from angel investors just three months after launch.

According to Tunisian news agency, Il Boursa, IntiGo will channel the funds towards launching a food delivery service.

In total, the angel investment brings IntiGo’s total funds raised to USD 600,000 in its lifetime.

IntiGo’s investors include: Aziz Ketari, Hedi Ketari, Ahmed Mhiri, Welid Mnif, Hedi Hachouch, Slim Bouzguenda, Malek Ben Ayed, and Mehdi Triki.

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The startup was founded in late 2019 by co-founders Bassem Bouguerra and Nebil Jridet. It has since facilitated over 11,000 rides with its inventory of 50 scooters.

Bassem, answering Menabytes question about why IntiGo decided to take this asset-heavy approach for launching IntiGo, said, “When we did a market study, we found out that scooters as a means of transportation is not well accepted by Tunisians living in the capital. So we decided to purchase attractive looking scooters and mount a roof on top of them. The look and feel of our scooters have made a great first impression and we were pleasantly surprised by the positive feedback we’ve been receiving including hundreds of selfies that people share on social media whenever they ride IntiGo. We had over 30,000 app installs in just three weeks after launching the service.”

IntiGo allows its users to book rides on the scooters at a rate 20% cheaper than regular taxis.

The startup currently operates only in Tunisia’s capital, Tunis. It is planning to expand to other Tunisian cities in the coming months and eventually, other African countries too.