Intents Mobi, a geospatial intelligence startup, has raised $1 million in its bridge round led by DevX Venture Fund. The round also saw participation from other investors like Unnati Labs and multiple marquee strategic angels from the logistics and mobility sector whose ventures are backed by Tier1 VCs.
The Gurugram-based startup plans to use the funds to invest in its tech capabilities, increase the collection of GIS information for the country and to further pump up their enterprise sales.
Founded by Naresh Kumar Kachhi and Tabrez Alam while joined by Balasubramaniam S and Prakash Velusamy, Intents Mobi utilises a network of ‘Scouts’ which is a community of over 700,000 users who contribute to the data generation for location intelligence.
Intents Mobi’s client list includes Here Maps, TomTom and Honda among others. The startup aims to raise its Series A of over $5 million by the end of this financial year.