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Aditya Hadi Pratama · · 1 min readBangladeshi transport app secures $1.2m to fuel national expansion
Jatri, a Bangladesh-based public transportation platform, has secured US$1.2 million in its most recent fundraise.
More funding details
- Investors: Reflect Ventures, Brain-Too-Free Ventures, and SBK Tech Ventures
- Stage: Pre-series A
More company updates
- Since its inception in 2019, Jatri has facilitated 3.5 million transactions for transport tickets with thousands of bus partners in three Bangladesh cities.
- In a statement, the company says its total transactions saw a double-digit growth on a month-on-month basis, which it attributed to its partnerships in the public and private sectors.
- In order to offer more routes, the company partnered with government transport cooperation BRTC, which also granted it a ride-sharing license earlier this year that would allow the firm to provide tickets for premium microbuses.
- The company plans to use the fresh funds to fuel its national expansion plans and expand its offerings beyond ticketing and vehicle rentals.
- Last year, Jatri raised an undisclosed amount of seed funding from Dubai-based Falcon Network, Tahseen Consulting, and several angel investors from transport apps such as Bolt, Uber, Bird, Angkas, and Buseet.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Miguel Cordon and Jaclyn Tiu
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