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
Locked
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Website
Locked
- 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
Not available
- 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.
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.
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 |
|---|---|---|---|---|
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Venture capital firm investing in tech startups
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Locked | Locked | Locked | |
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Rides and deliveries are facilitated via a mobile app platform.
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Locked | Locked | Locked | |
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PG
Parag Gupta |
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Locked | Locked | Locked |
Investor details for Commut
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Investments & Acquisitions by Commut
Commut has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include H2ocabs.
Investment portfolio details for Commut
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- Transaction dates
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| 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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Locked | Locked | 2014 | Locked |
Complete acquisition details for Commut
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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Financial Statements - Commut
Detailed financials for Commut
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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Commut Comparisons
Peer comparison for Commut
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Bus tickets are booked online via portal and mobile app.
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| Locked | Locked | Locked |
Sleeper bus tickets are provided via an online booking platform.
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| Locked | Locked | Locked |
App-based air-conditioned bus services for office commutes are provided.
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| Locked | Locked | Locked |
Transportation tickets and accommodations are booked via an online platform.
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| Locked | Locked | Locked |
Intercity bus services are booked via an online platform.
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| Locked | Locked | Locked |
Provider of shared and private shuttle services for airport transportation and intra-regional travel
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Detailed competitors of Commut
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on 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.
Annual revenue of Commut is $482.35K as on Mar 31, 2019.
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 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.