IntiGo, a Tunisian ride-hailing startup, secures over $1 M from Capsa Capital Partners

IntiGo, a Tunisian ride-hailing, and logistics startup has secured a little over $1 million in fresh funds from local investment firm Capsa Capital Partners.

Capsa Capital Partners invested about $710,000 while the rest came from other angel investors.

Tunis-based IntiGo is a taxi scooter that offers two-wheelers ride-hailing service and has now added last-mile delivery to their services.

Co-founder and CEO of IntiGo, Bassem Bouguerra said that they will use the investment to further expand into existing categories that they’re operating in and potentially explore other areas too including car sharing. He also said that having an institutional investor on board is another validation of their business model and value proposition.

Bassem also said that part of the investment will be used to hire more resources and build an internal R&D team.

The scooters on the platform are owned by IntiGo, however, the drivers are not its on payroll. Drivers pay rent and a 20 percent commission on every ride to IntiGo.

Currently, the Startup has a network of over 50 bikes, used for both ride-hailing and delivery services.

The startup rolled out its grocery and concierge delivery services earlier in March.

Furthermore, the concierge delivery service enables users to book an IntiGo captain to run their errands on an hourly basis for about $4 an hour with the grocery delivery, orders are taken and prepared by the grocery stores themselves while the delivery is being taken care by IntiGo.

The startup was offering 12,000 rides a month before Covid-19 but their ride-hailing activities were hit by the lockdown. As of now, the transportation business is picking up slowly and they plan to open up to independent drivers (with their own motorbikes) next month.

With this new investment, IntiGo has secured total money of $1.6 million. It had $300,000 from angel investors in February this year and another $300,000 three months before that.

IntiGo was founded in 2019 by Bassem Bouguerra and Nebil Jridet.