In a major milestone for smart urban commuting, transit technology platform Tummoc has raised INR 13.66 crore (~USD 1.6 million) as part of its ongoing Pre-Series A funding round with marquee investments from Finvolve and India Accelerator (IA). The round also saw participation from IPV, The Chennai Angels and a consortium of angel investors.
Founded in 2016 by Hiranmay Mallick, Monalisha Thakur and Narayan Mishra, Tummoc is a pioneer in India’s transit-tech landscape. The company provides an integrated mobility solution that spans the “first mile to the last mile” allowing users to discover, plan, track and book multimodal transport options – both public and private – through a single digital interface.
With its platform live in 22 Indian cities, Tummoc is a leading voice in MaaS innovation. The company’s portfolio includes white-label transit solutions, Integrated Transport Management Systems (ITMS), Automatic Fare Collection Systems (AFCS), GTFS real-time feeds and contactless transit payments – the essential infrastructure for modern smart cities.
According to CEO and Co-founder Hiranmay Mallick, the latest investment will be used to accelerate product development and operational deployment in Tier-II and Tier-III cities which are largely underserved by smart transit solutions. The funding will also support international expansion efforts particularly in emerging markets with pressing urban transit needs.
“With IA and Finvolve on board, we are ready to fast track our mission of creating a digitized transit ecosystem and make commuting easy for millions,” Mallick said.
Investors are betting big on Tummoc to disrupt a INR 1.71 lakh crore (~USD 20 billion) mobility sector. Ashish Bhatia, Co-founder at India Accelerator and Finvolve said, “Tummoc’s data-first approach to urban mobility fits perfectly into our vision of investing in scalable, transformative ideas.” Bhatia added “Tummoc’s tech-first approach to urban mobility is exactly what we look for,”.
As cities struggle with congestion, pollution and infrastructure inefficiencies, digital transit solutions like Tummoc are no longer a luxury – they are a necessity. The company aims to capture 25% of India’s commuter share by 2026, a big target backed by a clear roadmap and growing investor confidence.
Tummoc pre series A funding showcase the company as a leader in India’s transit-tech space as well as a global player in redefining urban mobility.
About Tummoc
Tummoc is a patented mobility technology platform that simplifies and digitizes commuting in urban and semi-urban areas. It integrates multimodal transit systems into a single user interface and enables efficient planning and seamless payment and smart solutions for transport agencies. For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.