About Commut
Commut is a company based in Hyderabad (India) founded in 2015 was acquired by Careem in September 2018.. 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 offers products and services including Online Pokies Guide and Table Games Analysis. Commut operates in a competitive market with competitors including redBus, IntrCity SmartBus, Cityflo, AbhiBus and YoloBus, among others.
- Headquarter Hyderabad, India
- Stage Minicorn
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
- Legal Name Conmutar Shuttle Services Private Limited
- Date of Incorporation 26 Nov, 2015
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$482.35 K (USD)-1.1as on Mar 31, 2019
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Net Profit
$-4.63 K (USD)94.49as on Mar 31, 2019
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EBITDA
$-3.42 K (USD)95.8as on Mar 31, 2019
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Total Equity Funding
$378.28 K (USD)
in 2 rounds
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Latest Funding Round
$178.28 K (USD), Angel Round
Jun 16, 2016
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Investors
Careem
& 18 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Careem
(Sep 24, 2018)
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Products & Services of Commut
Commut offers a comprehensive portfolio of products and services, including Online Pokies Guide and Table Games Analysis. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 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 Total Funding
- Total Rounds 2
- Last Round Angel Round — $178,280
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First Round
First Round
(23 Apr 2016)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Angel Round - Commut | Valuation | Sudhakar Pasupunuri | |
| Apr, 2016 | Amount | Seed - Commut | Valuation | 50k Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in tech startups
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Founded Year | Domain | Location | |
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Rides and deliveries are facilitated via a mobile app platform.
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Founded Year | Domain | Location | |
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PG
Parag Gupta |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Commut
Commut has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include H2ocabs. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provides a subscription-based monthly cab-sharing service for daily commutes.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Commut
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Commut Comparisons
Competitors of Commut
Commut operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as redBus, IntrCity SmartBus, Cityflo, AbhiBus and YoloBus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Bus tickets are booked online via portal and mobile app.
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| domain | founded_year | HQ Location |
Sleeper bus tickets are provided via an online booking platform.
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| domain | founded_year | HQ Location |
App-based air-conditioned bus services for office commutes are provided.
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| domain | founded_year | HQ Location |
Transportation tickets and accommodations are booked via an online platform.
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| domain | founded_year | HQ Location |
Intercity bus services are booked via an online platform.
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| domain | founded_year | HQ Location |
Provider of shared and private shuttle services for airport transportation and intra-regional travel
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Commut
Frequently Asked Questions about Commut
When was Commut founded?
Commut was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Commut located?
Commut is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Commut a funded company?
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 23, 2016.
What is the annual revenue of Commut?
Annual revenue of Commut is $482.35K as on Mar 31, 2019.
What does Commut do?
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.
Who are the top competitors of Commut?
What products or services does Commut offer?
Commut offers Online Pokies Guide and Table Games Analysis.
How many acquisitions has Commut made?
Commut has made 1 acquisition, including H2ocabs.
Who are Commut's investors?
Commut has 19 investors. Key investors include Careem, 50k Ventures, Parag Gupta, Aditya Vuchi, and Shivani Enishetty.
What is Commut's valuation?
The valuation of Commut is $1.02M as of Jun 2016.
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