Numadic raised USD 2.5 million in a Pre-Series A funding round
- ByManjeet Singh | October 19, 2021
In a round led by 9Unicorns and Venture Catalysts, Numadic, India’s fastest-growing vehicle interface solution provider, raised USD 2.5 million.
Pre-series A investors included the Chona Family Office and angel investors like the former Netmagic CTO and Cofounder, Oracle leaders, and Googlers in their private capacity. The round was closed by Spark Private Wealth.
Among the past investors in Numadic are Dynamo VC, 9Unicorns, CVW Partners, and Jeneq Capital’s Sanjay Venkat.
In order to scale Numadic’s newest product, the company will use the seed funding for talent and technology.
In addition to its vehicle interface platform, Numadic builds apps and APIs for automated vehicle payments. A platform powered by Numadic’s technology team in Goa aims to provide new-age fintech solutions to “undisrupt” people and goods movement.
Dr Apoorva Ranjan Sharma, Co-Founder, 9Unicorns/Venture Catalysts said, “As the fintech revolution continues to grow in India, we are seeing numerous fintech startups transforming people’s lives for the better. Numadic is one of the go-getters in this segment, who is using the power of technology and a team of industry experts to effectively modernize the operations of the logistics industry and its stakeholders. Their tireless efforts towards this cause have earned our respect, and we wish them continued success in the future.”
“We are moving closer to a world of autonomous vehicles. Autonomous payments for those vehicles will come first. Numadic is delighted to imagine and engineer this future, enabling vehicle autonomy on the payments front. This new round of funding fuels our next phase of growth towards undisrupting vehicle movement. We are grateful for the trust placed in us by our investors and customers that enabled us to reach this point in Numadic’s journey. We are especially grateful to Dr. Apoorva Ranjan Sharma and his team at 9Unicorns and Sanjay Venkat of Jeneq Capital without whom this progress would not be possible.”, Luke Sequeira, Founder, CEO also commented.
Follow Startup Story
Related Posts
