IntiGo, the leading ride-hailing startup in Tunisia has recently announced that the company has raised $1 million in a funding round led by Capsa Capital Partners, with participation from some regional angel investors. According to a statement by the company, Capsa has invested around $710,000 in this fresh investment round for IntiGo.
The funds will be deployed towards hiring resources and building an internal R&D team for IntiGo. The startup last raised $300,000 in February and another $300 in November 2019 from various angel investors – making IntiGo’s total funding threshold as $1.6 million.
IntiGo was founded by Bassem Bouguerra and Nebil Jridet in 2019. Initially started with on-demand bike-taxi service, the company then further expanded into different streams of logistics and delivery services too.
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On July 15, Bassem Bouguerra, in a statement reported that the members of the Tunisian Union of Individual Taxis hijacked and damaged four of IntiGo’s vehicles.
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