Despite only launching in November 2019, the startup continues its remarkable rise, even in the face of the COVID-19 lockdown.
IntiGo, a Tunisian ride-hailing and logistics startup, has secured just over $1 million in funds. The investment was led by local asset management firm Capsa Capital Partners with a $710,000 participation, along with other angel investors, bringing the total of the the young startup’s raised capital raised so far to $1.6 million.
Founded in November 2019, the ride-hailing app owns a fleet of 50+ scooters, which also operate as delivery vehicles for IntiGo’s own in-house grocery and concierge delivery service, launched earlier this year. The latter allows for a Task Rabbit-adjacent service where users can book an IntiGo captain to run their errands for a fixed hourly rate. Founded by Tunisian entrepreneurs, Bassem Bouguerra and Nebil Jridet, the startup was launched initially as a bike-hailing service, but quickly pivoted to also include delivery services as the COVID-19 lockdown began to set in.
Much like all ride-hailing services, be it conglomerate giants or startups, IntiGo was badly affected by the pandemic. As many industries are starting to assimilate to the crisis, mainly with many cities resuming certain activities, the Tunisian startup is also on track to slowly rise with their established catalogue of services, plus an added bonus of bringing in independent drivers with their own motorbikes to register as IntiGo captains in order to widen the network.
Bouguerra, who is also the CEO, and a serial entrepreneur who has previously led IntilaQ, the country’s leading startup investor with a major cohort of local startups, stated that the investment will be directed at building up the startup’s current offerings and exploring other features such as adding cars to their fleets.
Sign up for the daily Startup Digest.