Tummoc, a leading MaaS Platform offering
multimodal transit planning has raised an undisclosed amount from The Chennai
Angels as a part of its Pre-Series A round. The round saw participation from
other notable investors as well. This funding will allow them to focus on
accelerating product development, expand global transit projects, and drive
growth in new markets.
Tummoc’s single app includes journey planning,
digital ticketing for public modes of transport and seamless first-to-last-mile
connectivity. With over 4 million users across 22 Indian cities, it has become
a key player in urban transit. Tummoc's innovations include seamless digital
ticketing for public transport in Delhi, Bengaluru and Goa. Its patented
"all-in-one ticketing solution" has been live in Delhi and the
platform has had digital BMTC bus passes in Bengaluru for nearly three years
now. The platform is expanding its services to more cities and has ventured
into global markets with white-label transit solutions. In fact, Tummoc is
currently building an app for the Dhaka Metro as a part of a white-label
project.
Commenting on the fundraise, Hiranmay Mallick,
CEO of Tummoc said, “At Tummoc, we envision seamless multimodal transit for
commuters everywhere, and this support will help us scale our offerings,
especially in evolving markets. We thank The Chennai Angels for believing in
our mission, and together, we are on track to redefine urban transit, both in
India and globally."
The funds will also support scaling operations
for strong Ǫ3 and Ǫ4 performance, while enhancing operational efficiency
through data-driven deployments in Indian Tier-II and Tier-III cities. This
investment positions Tummoc to strengthen its leadership in the market and
scale globally with innovative and ethical transit solutions.
Investment Director from The Chennai Angels,
Damodaran (Dan) Venkatesan said, “With the increasing focus in India on
integrated transportation between newer public transport and preexisting
models, physical and fare integration between these models become critical.
Tummoc is addressing a critical gap by providing a patented Tech solution for
Digital ticketing and comprehensive trip planning. We, at The Chennai Angels
are excited to be part of this impactful journey with Tummoc.”
Recently, Tummoc achieved recognition by
winning the Enroute Challenge by Villgro, WRI India, and MBRDI, further
cementing its leadership in the sector, and making way for bigger developments
for its Bengaluru audience. In the past, Tummoc has won similar challenges such
as STAMP 2018 and STAMP 2022 organized
by WRI and Toyota Mobility Foundation.
Tummoc has also recently ventured into global
markets, offering white-label transit solutions. This funding provides Tummoc
with the resources to not only solidify its position as a market leader but
also to scale globally with ethical and innovative transit solutions.
About
The Chennai Angels: The Chennai Angels (TCA) is one of
India’s most active Angel Investing groups. Founded in the year 2007, it is
comprised of successful entrepreneurs and business leaders with a track record
of starting and scaling large enterprises. Over the years, TCA has invested
over INR 135 Cr across 80+ start-ups in India.
About
Tummoc: Tummoc is India’s leading multimodal
transit-tech platform revolutionizing urban mobility with innovative,
user-centric solutions. With over 4 million users across 22 cities, Tummoc
simplifies multimodal transit planning through digital ticketing and route
optimization technologies. The platform empowers commuters with seamless travel
experiences while collaborating with transit operators to enhance efficiency
and connectivity. Recently expanding into global markets, Tummoc also offers
white-label solutions tailored to transit systems worldwide.