MoveInSync Raises $15 Million in Series C

by Kay Aloha Villamor in January 31st, 2024

MoveInSync, a Bangalore, India-based employee transportation management startup, has raised $15 million in Series C funding.  

SaaS Investors  

The round was led by Bessemer Venture Partners, with participation from existing investors such as Saama Capital, Qualcomm Ventures, Athera Venture Partners, and Nexus Venture Partners.  

Founded in 1911, Bessemer Venture Partners is a venture capital firm based in Redwood City, California. The firm seeks to invest in the software, cloud tech, cryptocurrency, web tech, consumer, enterprise, and healthcare sectors. The firm has additional offices based in San Francisco, Boston, New York, Larchmont, Bangalore, Tel Aviv, and London.  

MoveInSync Use of Funds  

The company will use the funds to expand MoveInSync One, its commute solution covering fleet, operations, and technology. The new funding will support the company's growth, and it aims to capitalize on opportunities created by government initiatives to promote manufacturing in India.   

About MoveInSync  

Founded in 2009, MoveInSync provides transportation solutions operating within the transport management and software industry. The company offers a range of services including employee commute solutions, transport operations outsourcing, and software solutions for risk mitigation, compliance, and improving employee experience. Its solution MoveInSync One, is an end-to-end employee commute solution that helps enterprises offer cost-effective and efficient commuting options for their employees. The platform has been gaining traction, particularly in the IT, ITES, and banking and finance sectors.  

Funding Details           

Company: MoveInSync Technology Solutions Private Limited  

Raised: $15.0M    

Round: Series C   

Funding Month: January 2024                      

Lead Investors: Bessemer Venture Partners  

Additional Investors: Saama Capital, Qualcomm Ventures, Athera Venture Partners, and Nexus Venture Partners  

Company Website:  

Software Category: Transportation




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