Established in 2016, Vahananalytics is a platform that works on utilizing information and artificial intelligence to make streets more secure.
A Mumbai-based Vahanalytics, a data analytics startup has been acqui-hired by Rapido, a bike taxi hailing app. Vahanalytics enables organizations to track their vehicle fleet tasks, as indicated by the organization’s filings with the ministry of corporate affairs (MCA), sourced from business information platform Paper.vc.
The estimation of the arrangement was undisclosed. However, an individual mindful of the arrangement disclosed to Mint that the acqui-hire was settled utilizing a money and stock segment split between the Vahanalytics organizers and financial specialists. The individual asked not to be named.
As per a report by YourStory, the filings stated that the analytics startup has been apportioned 55 equity shares worth Rs 49 lakh. Post securing, the Mumbai startup’s co founders Shivalik Sen and Someshwar Dash will join Rapido for the following two years. The duo will likewise get employee stock ownership plans (ESOPs) esteemed at Rs 37 lakh and Rs 25 lakh, separately. Other organizers, Arun Gandhi and Nikhil Tavora, will be leaving the company.
Established in 2016, Vahananalytics is a platform that works on utilizing information and artificial intelligence to make streets more secure. It gathers information premise key driver metrics and recognizes awful drivers from the great ones. It catches ongoing information about the habits and street conditions utilizing cell phones.
Earlier, Rapido raised crisp subsidizing of $10 million driven by Hong Kong-based investment firm Integrated Capital. The financing additionally considered investment to be organizations, for example, Skycatchr, Astrac Ventures, and AdvantEdge.
The firm operates bike taxis in 13 urban areas basically in south India, including Bengaluru, Hyderabad and Mysuru, and a couple of urban areas in the north and east, for instance, Patna and Bhubaneswar.
