GrowthCap Ventures, an early-stage venture capital firm, has made its maiden investment in Advance Mobility, a ridesharing mobility start-up.
The investment signals GrowthCap Ventures’ commitment to fostering innovation and driving growth within the rapidly evolving mobility industry. The investment firm is founded by Pratekk Agarwaal, who is the former Chief Business Officer at BharatPe.
Advance Mobility is a ridesharing mobility startup, which aims to redefine scalable fleet operations on the Uber platform. The startup wants to overcome prevalent challenges in the mobility ecosystem, offering solutions that benefit market players, customers, and drivers alike.
Pratekk Agarwaal, Founder and General Partner, GrowthCap Ventures said, “As India’s infrastructure and transportation sectors undergo significant transformations, fuelled by the government’s robust initiatives and investments, the potential for innovative mobility solutions is unprecedented. Advance Mobility, with its unique combination of finance, technology, and an enhanced mobility solution, is perfectly positioned to lead this transformation. We are thrilled to support them in their journey.”
