Tummoc, situated in Bengaluru, has acquired $540K in seed finance from notable angel investors like Vineet Singh (Founder of HMPL Consulting), Krishna D (Software Development Manager at Amazon), Deependra Bisht (Strategy & Operations at Google), and Alan Aim (Strategy & Operations at Google) (Founder of Right Buy U, UK).
The cash will be utilised for growth, product development, team building, and technological enhancement, according to the official release. Tummoc will also utilise the money to fund its aim to launch in ten major cities by the end of 2021.
Hiranmay Mallick, Co-founder of Tummoc, said, “We are delighted to have concluded our seed funding round with capital raised from industry stalwarts who will also serve as a guiding force to help us in charting the road ahead at Tummoc. We will be using the investment to fund the expansion of our operations to other key metro cities in the country including Delhi, Mumbai, Hyderabad, Chennai, Jaipur, Lucknow, and Kochi by end of this calendar year.“