Tunisian Ride-Hailing Startup Raises $1 Million

Tunisian Ride-Hailing Startup Raises $1 Million
Source: Menabytes

Tunisian ride-hailing and logistics startup IntiGo has raised a little over $1 million (TND 2.9 million) in fresh funds, according to MENAbytes. Local investment firm Capsa Capital Partners led the round with an investment of around $710,000. The rest of the funds were produced from angel investors. The startup plans to use the funding to hire more talent and create an internal R&D team.

The scooters owned by the Tunisian startup are rented to drivers who deliver a 20 percent commission on every ride, to IntiGo. The startup currently has a network of over 50 scooters, which are used for both ride-hailing and delivery services. 

Prior to the pandemic, IntiGo was performing well with around 12,000 rides a month. However, its activities were hit badly by the pandemic. The transportation business is picking up slowly and they plan to open up to independent drivers (with their own motorbikes) next month, despite scuffles with the Tunisian Union for Independent Taxis and allegations that they operating illegally.

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