The record
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- Amaravati-based logistics startup Bringgg, founded by Visruthi Yellapu, has raised ₹40 lakh from two NRIs, Avaneesh Vishwaksen and Raghu Boddapati, as its first technology infusion investment.
- The platform connects travellers with people who want to send or receive goods, allowing journeys to double as peer-to-peer deliveries.
- The funds will help launch four new verticals: Bringgg Care, Bringgg Ticketing, Bringgg AMA and Bringgg Cargo.
- The investment agreement also includes a provision for further funding.
What to watch next
- Development and launch of the four new Bringgg verticals
- Whether the provision for further investment is triggered
- Plans to expand across the country, including through electric vehicles mentioned by the investor
Coverage1
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Named India · Amaravati · Guntur · Avaneesh Vishwaksen · Bank of America · Bringgg · Bringgg AMA · Bringgg Care · Bringgg Cargo · Bringgg Ticketing · Raghu Boddapati · RS Gentsia Private Limited · University of Illinois
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