Business

Tech Start-Up WhereIsMyTransport Manages To Secure R42 Million In Funding

Tech Start-Up WhereIsMyTransport Manages To Secure R42 Million In Funding. Cape Town-founded mobility tech start-up WhereIsMyTransport has secured R42-million in funding from Naspers. This investment forms part of R201-million funding round led by Naspers Foundry, Cathay AfricInvest Innovation Fund, and SBI Investment.

Phuthi Mahanyele-Dabengwa, South Africa CEO of Naspers told Venture Burn about the importance of supporting innovations that address mobility issues. “Mobility remains an obstacle for billions of people in high-growth markets across the world. Our investment in WhereIsMyTransport is a testimony of our belief that great innovation and tech talent is found in South Africa, and with the right backing and support these businesses can provide solutions to local challenges that can improve the lives of ordinary people in South Africa and abroad.”

According to Venture Burn, WhereIsMyTransport aims to develop mobility solutions that are tailored to commuters in Africa, South Asia, Southeast Asia, and Latin America with real-time public transport network alerts. The tech start-up leverages technology to improve commuters’ public transport. The collected mobility datasets are licensed to governments, development finance institutions, NGOs, operators and third-party solution developers to be used towards research, analytics, insights, and enterprise solutions.

Devin de Vries, WhereIsMyTransport CEO and co-founder told Venture Burn that, “WhereIsMyTransport started in South Africa, focused on becoming a central source of accurate and reliable public transport data for high-growth markets. We’re thrilled to welcome Naspers as an investor as our journey continues in megacities across the Majority World.”

In South Africa, WhereIsMyTransport clientele includes the Gautrain in Johannesburg and its international clients feature renowned enterprises such as Google, the World Bank, and others.

The company operates with integrity by applying appropriate corporate governance, risk policies and business practices. It believes in a connected world – one where the power of local is unlocked to make the world a better place and it runs its business with that philosophy front of mind. It also recognises that the tax it pays is an important element of its broader economic and social contribution.

By Thomas Chiothamisi

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