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Dubai based bus aggregator platform, Arcab has raised an undisclosed amount in series seed round funding led by We Founder Circle.
The undisclosed round witnessed participation from other investors including UpSparks VC, Charles & Zaim Azrak, and other angel investors.
The brand plans at utilising the funds to build, maintain and scale the technology infrastructure that facilitates the multi-sided marketplace.
The startup will also focus on activities related to scaling operations, building the brand, and creating a sales and marketing engine to fuel the expansion in the region.
Arcab allows fleet owners to make more money by increasing the utilization of their vehicles. The company works with 40+ Operators including Europcar, Avis, and Dubai Taxi corporation with over 3k+ buses in their supply pool.
Commenting on the Investment, Neeraj Tyagi, Co-founder & CEO, We Found Circle, said, “arcab has come up with a unique business model, executing a fine technology infrastructure. They have identified some really good markets for expansion that hold great potential. Their business model will not just offer services to organizations and users, but also empower owners with fleets to get the ball rolling again. WFC is glad to be supporting the startup and can see its growth trajectory already,” said
“We are humbled by all the support we have received from our investors and partners. The next 18 months are going to be very exciting and crucial for us to move quickly, ramp up our operations and scale our footprint in the region,” Bilal Shabandri, Co-founder & CEO of arcab said.