Rainmaker Ventures out in a Limo

BENGALURU: Rainmaker Ventures, which announced a fund of $50 million for early stage investments in December last year, has made its first investment in Mumbai-based Raftaar Technologies which runs the bus aggregation platform, Limo. The company had previously raised a seed round from India Quotient and others in April last year.

The current round of $1million will help the firm strengthen operations in Mumbai. The startup founded by Siddharth Sharma, Anshul Khandelwal and Vivek Choksi runs chartered buses for corporates as well as individuals looking at solution for office commute. Other players focused on the Delhi-NCR market include Shuttl and Zipgo.



Started by Sudhir Menon and Atul Hegde, Rainmaker Ventures plans on investing in six firms in the current year. “We are also looking at investments in logistics, financial technology and digital marketing. The quantum will be between $500,000 and $3 million. We would go in for additional capital when required,” said Hegde, cofounder, Rainmaker Ventures.