“We are an aggregator of aggregators where car rental firms can offer their inventory on our platform. They can integrate their inventory using their APIs,” said Madhu Raghunayakula, Chief Operating Officer and Co-Founder of Zyppys.
With these new funds, the company is aiming to grow its current operations in India into Chennai and Kolkata during the next year.
“Besides roping in key players in the car rental space, we would like to strengthen the technology platform,” Rajani Kanigiri Kasu, Co-Founder and Chief Executive Officer of Zyppys, said.
The investors from this round have agreed to invest around $2 million in total and the company is hoping to have a Series A funding round worth $5 million during 2020.
Currently the auto rental market that the company has been creating allows consumers to compare and then rent vehicles from the biggest auto rental companies. Consumers can then reserve the car either to drive it themselves or to hire a driver.
In addition to raising new funds Zyppys brought on some new employees. The former Chief Executive Officer from Meru Cabs will be Zyppys newest Director. Trans-Consult Asia's Managing Director, Alok Jain will also be serving as an advisor to the company.
“The platform quickly searches the data base and provides the best deal to the customers. As they key in their itinerary, the algorithm automatically matches them with the best deal based on price and offers,” Rajani said.
The company currently claims to have over 15,000 cars on its platform and has 22 rental car companies on the platform including Driven, Aha Taxis, Eco Car Rental, Savaari Car Rentals, Revv, and Mychoize.
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