Artha Venture Fund (AVF), India's first early-stage micro-VC fund, has invested Rs 3.50 crore in a Pre-Series A funding round in PiggyRide, an easy to use hassle-free service for the parents of kids between 2-18 years of age. PiggyRide, co-founded by Manish Tewari and Rohan Kaushal in 2019, leverages technology and AI/ML tool to provide mobility solutions for schools and children. It offers tuition fee financing, which allows parents to pay school fees through easy EMIs. They are also building a discovery platform for kids, developing after school activities and hobbies.
Apart from PiggyRide’s 16-point certification process, there are varied safety features in all the vehicles such as GPS trackers, cameras to provide live video surveillance to parents, panic buttons, and car immobilizers to alert the PiggyRide team, and much more. Each driver is assigned a "PiggyRide Score", which serves as a performance benchmark, and a deduction of 50 points on each policy violation. A driver is removed from the platform if the score falls below 600.
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Artha Venture Fund Announces New Investment Of Rs 3.50 Crore In Piggy Ride
Artha Venture Fund (AVF), India's first early-stage micro-VC fund, has invested Rs 3.50 crore in a Pre-Series A funding round in Piggy Ride, an easy to use hassle-free service for the parents of kids between 2-18 years of age. Piggy Ride leverages technology and AI/ML tool to provide mobility solutions for schools and children.
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