About Commut
Commut is a Travel & Hospitality company based in Hyderabad (India) founded in 2015, and was acquired by Careem in September 2018. Mini bus aggregator app. It operates in the Travel & Hospitality and Transportation, Automotive & Logistics sectors. Commut has raised $378.28 thousand across 2 funding rounds from investors including Careem, 50k Ventures and Parag Gupta. Commut has completed 1 acquisition, including H2ocabs. Commut was last valued at $1.02 million in June 2016. Its Indian entity Conmutar Shuttle Services Private Limited reported revenue of ₹3.44 Cr. Commut offers products and services including Online Pokies Guide and Table Games Analysis. Its focus areas include Consumer, Road Transport Tech, Mass Transit and Shuttle. Its competitors include redBus, IntrCity SmartBus and Cityflo; 3 of its 3 listed competitors have raised funding.
Company details
Commut is a mobile-app which aggregates minibusses. Enables users to reserve their seat from the nearest landmark till the nearest drop point to the destination. Catering to Hyderabad. Served over 17k bookings since launch with over 5000 registered users on the platform. Claims to be clocking 700 rides every day with a fleet of 42 minibus shuttles, as of April 2016. App available on Play Store. Acquired H20 cabs in March 2016. In April 2016, the company raised 200K from 50K Ventures.Partners with Green Mile for e-taxis in Hyderabad.
- Headquarters Hyderabad, India
- Stage Acquired
- SectorsTravel & HospitalityTransportation, Automotive & Logistics
- Website commut.co
- Acquired by Careem (Sep 2018)
- Legal Name Conmutar Shuttle Services Private Limited
- Date of Incorporation 26 Nov, 2015
- Jurisdiction Hyderabad, Telangana, India
Associated legal entities of Commut
Commut operates through Conmutar Shuttle Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Conmutar Shuttle Services Private Limited CIN U72200TG2015PTC101914 | Active | 26 Nov 2015 | Hyderabad, Telangana | ₹3.4 Cr | 2 | View details |
Products & Services of Commut
Commut offers a comprehensive portfolio of products and services, including Online Pokies Guide and Table Games Analysis.
Provides information on real money pokies and gameplay strategies.
Discusses rare table games and their appeal for players.
Funding Insights of Commut
Commut has successfully raised a total of $378.28K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $178.28 thousand completed in June 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $378,280
- Total Rounds 2
- Last Round Angel Round — $178,280
- First Round $200,000
(Apr 2016)
- Investors Count 18
All 2 funding rounds of Commut with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | $178,280 | Angel Round | $1.02M | Sudhakar Pasupunuri | |
| Apr 2016 | $200,000 | Seed | $1.03M | 50k Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2016 | $1.02M | •••••••• |
| Apr 2016 | $1.03M | •••••••• |
Last known valuation $1.02M (Jun 2016). 19 investors in total: 2 institutional and 17 angel.
Investors in Commut
Commut has secured backing from 19 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Careem, 50k Ventures and Parag Gupta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in tech startups | 2014 | 50kventures.com | Hyderabad, India | |
Rides and deliveries are facilitated via a mobile app platform. | 2012 | careem.com | Dubai, United Arab Emirates | |
PG Parag Gupta | unknown_5380cb25b035445b8 | |||
AV Aditya Vuchi | Founder of Dozee, healthtech innovator, active angel investor in Indian startups | unknown_58cf37fecc81497cb | ||
SE Shivani Enishetty | unknown_7a8dda1c06e54ca19 | |||
AJ Ajay Jain | Angel investor and entrepreneur, founder of SilverPush, focusing on tech startups | unknown_f55651be5de646869 | ||
PD Pavan Davala | unknown_d8b3ecd3dcef4ce6b | |||
PR Phani Raj | unknown_98a314f4e4b0405b8 | |||
ST Sridevi Talasila | unknown_f8fb1be2784a43f8a | |||
AK Ajay kumar Tadisina | unknown_4f49cddc8a88400ca |
Investor details for Commut
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Conmutar Shuttle Services Private Limited (Commut)
Conmutar Shuttle Services Private Limited is the primary company behind Commut. The board of Conmutar Shuttle Services Private Limited currently have 2 directors; the longest-serving is Hemanth Jonnalagadda Reddy, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hemanth Jonnalagadda Reddy DIN 07318436 | Director | 26 Nov 2015 | 10 yrs 10 mo | Conmutar Shuttle Services Private Limited |
| Prasanth Garapati DIN 07318461 | Director | 26 Nov 2015 | 10 yrs 10 mo | Conmutar Shuttle Services Private Limited |
Financials of Commut
Figures of Conmutar Shuttle Services Private Limited, the primary company behind Commut, for FY 2019. Revenue was ₹3.44 Cr (-1% year on year). Net loss was -₹3.3 Lakh (-1% margin). EBITDA was -₹1.3 Lakh (0% margin). Revenue has grown at a compounded annual rate of +190% over three years.
- ₹3.44 CrRevenue · FY 2019 · -1% YoY
- -₹3.3 LakhNet loss · -1% margin
- -₹1.3 LakhEBITDA · 0% margin
- ₹1.2 LakhPaid-up capital
- +190%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Conmutar Shuttle Services Private Limited are on its company page.
Detailed financial statements for Commut
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Commut
Commut has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include H2ocabs.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provides a subscription-based monthly cab-sharing service for daily commutes. | h2ocabs.com | Hyderabad, India | 2014 | Mar 2016 | •••• |
Complete acquisition details for Commut
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Commut
6 dated milestones of Commut across 3 years, from founding to its latest funding, stage changes and deals.
Competitors of Commut
Commut has 3 listed competitors in our database, 3 of them funded. They include redBus, IntrCity SmartBus and Cityflo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| redbus.in | 2006 | Bengaluru, India | $10M | 801 | Bus tickets are booked online via portal and mobile app. | |
| intrcity.com | 2011 | Noida, India | $46.65M | 596 | Sleeper bus tickets are provided via an online booking platform. | |
| cityflo.com | 2015 | Thane, India | $14.92M | 141 | App-based air-conditioned bus services for office commutes are provided. |
Detailed competitors of Commut
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Online Travel
3 companies that operate in the same segment as Commut (Online Travel) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online bookings for flights, hotels, and travel packages are facilitated. | 2000 | Gurugram, Haryana, India | USD 39 M | USD 1.04 B | 5,120 | |
Online platform providing multiple travel booking services | 2007 | Gurugram, Haryana, India | USD 96.62 M | USD 130.88 M | 465 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 |
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Related news about Commut
Complete news archive for Commut
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Frequently Asked Questions about Commut
Commut was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Commut is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Commut is a funded company, having raised a total of $378.28K across 2 funding rounds to date. The company's 1st funding round was a Seed of $200K, raised on Apr 2016.
The primary company behind Commut, Conmutar Shuttle Services Private Limited, reported revenue of ₹3.44 Cr for FY 2019, down 1% year on year.
Commut is a mobile-app which aggregates minibusses. Enables users to reserve their seat from the nearest landmark till the nearest drop point to the destination. Catering to Hyderabad. Served over 17k bookings since launch with over 5000 registered users on the platform. Claims to be clocking 700 rides every day with a fleet of 42 minibus shuttles, as of April 2016. App available on Play Store. Acquired H20 cabs in March 2016. In April 2016, the company raised 200K from 50K Ventures.Partners with Green Mile for e-taxis in Hyderabad.
Commut's top competitors include redBus, Cityflo and IntrCity SmartBus.
Commut offers Online Pokies Guide and Table Games Analysis.
Commut has made 1 acquisition, including H2ocabs.
Commut has 19 investors. Key investors include Careem, 50k Ventures, Parag Gupta, Aditya Vuchi, and Shivani Enishetty.
The valuation of Commut is $1.02M as of Jun 2016.
Commut operates through Conmutar Shuttle Services Private Limited.
Yes. Commut was acquired by Careem in September 2018.