Tummoc, a transit technology startup, has raised USD 1.6 million in its ongoing Pre-Series A funding round. The investment was led by Finvolve and India Accelerator (IA), with participation from IPV, The Chennai Angels, and other angel investors. Founded in 2016 by Hiranmay Mallick, Monalisha Thakur, and Narayan Mishra, Tummoc offers a patented transit tech platform that provides solutions for First Mile to Last Mile mobility.
The platform is currently live in 22 Indian cities, enabling users to plan, track, and book public and private transport through a single app.
Tummoc secures funding for expansion
Mallick stated, “With the support of IA and Finvolve, we are poised to fast-track our mission of creating a digitized transit ecosystem and make commuting effortless for millions.
The fresh funds will be used to fuel product development, enhance operational efficiency in Tier 2 and Tier 3 cities, and support international expansion through global transit projects.
Tummoc also provides white-label solutions, Integrated Transport Management Systems (ITMS), Automatic Fare Collection Systems (AFCS), GTFS real-time feeds, and contactless payments for transit agencies. Ashish Bhatia, Co-founder of IA and Finvolve, commented, “Tummoc’s tech-first approach to urban mobility perfectly aligns with our vision of investing in scalable, transformative ideas.
Backed by investors who understand the $20B market potential of mobility, Tummoc aims to capture 25% of the commuter market share by 2026. The company’s goal is to simplify and digitize commuting in urban and semi-urban areas by integrating multimodal transit systems into a single user interface, enabling efficient planning, seamless payment, and smart solutions for transport agencies.