MoveInSync gets $8 million in Series B

BENGALURU: MoveInSync Technology Solutions, the commute automation platform, has raised a Series-B round of $8 million (approx Rs 53 crore) led by Nexus Venture Partners with participation from existing investors Inventus Capital Partners, Saama Capital and Qualcomm Ventures. The company will use the funds to further develop the end-to-end transport offerings, accelerate customer acquisition and launch international markets. “By leveraging MoveInSync’s transport automation solution, companies see increased employee satisfaction and are able to address employee safety… our customers are seeing over 20% cost reduction within six months of implementation of our system,” said Deepesh Agarwal, CEO, MoveInSync.