IntiGo, Tunisian ride-hailing, and logistics startup raises $1million in the latest round of funding

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Tunisian ride-hailing and logistics startup IntiGo has raised a little over $1 million (TND 2.9 million) in the latest round of funding led by local investment firm Capsa Capital Partners that invested about $710,000 and some angel investors.

According to MENAbytes, the new investment takes the total money raised so far by IntiGo to $1.6 million after raising $300,000 from angel investors in February earlier this year and another $300,000 three months before that.

IntiGo had started as a motorbike hailing startup but has since expanded into different other categories too including different types of delivery services. The motorbikes (scooters) on IntiGo’s network are owned by the startup but the drivers are not on the payroll. They pay rent and a 20 percent commission on every ride, to IntiGo. It currently has a network of over 50 bikes that are used for both ride-hailing and delivery services.  The Tunisian startup had launched its grocery and concierge delivery services in March earlier this year.

The concierge delivery service allows users to book an IntiGo captain to run their errands on an hourly basis for about TND 12 ($4) an hour and the grocery delivery service enables grocery stores to deliver groceries to their customers. The orders are taken and prepared by the grocery stores themselves with the delivery taken care of by IntiGo.

IntiGo was doing 12,000 rides a month before Covid-19. Their ride-hailing activities were hit badly by the pandemic (as there was a lockdown in place) but the transportation business is picking up slowly and they plan to open up to independent drivers (with their own motorbikes) next month.

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