MyPickup, urban transit services provider and an IPV Ideaschool startup has raised Rs 1.5 Crore in Seed Round led by Inflection Point Ventures. This investment comes as part of IPV's initiative to support early-stage ideas with high potential for innovation and impact.
Through IPV Ideaschool, startups receive funding, mentorship, and resources to transform their ideas into viable products. The funds will be allocated for development of scheduling algorithms, brand building, and optimization of operations management.
MyPickup is a subscription based electric auto-rickshaw service provider, with a mission to offer zero cancellations and zero surge pricing. The company’s mission extends beyond convenience, as it addresses urban congestion and pollution challenges in major cities, striving to create a cleaner, more efficient, and reliable transportation ecosystem for all.
Abhijeet Dattatraya Jagtap, Founder and CEO, is an MBA graduate from IIM Calcutta has a distinguished career marked by significant achievements in sales, P&L management, and marketing across prominent organizations such as Pharmeasy, Flipkart and Bosch.
Ankur Mittal, Co- Founder, Inflection Point Ventures says, “Urban cities in India share challenges like pollution, high commuting costs, frequent cancellations, and expensive transportation for school children. Recognizing these issues, MyPickup offers solutions with real-time tracking for parents, EV vehicles to combat pollution, and zero-cancellation and zero-surge pricing policies. They also plan to develop an automated matching algorithm, install safety features like cameras and SOS systems, offer on-demand services through ONDC platforms, and release an exclusive app for drivers. These initiatives build trust and position MyPickup as a promising startup addressing urban problems.”
