Germany’s Wunder Mobility fund raises $30M to push car pooling in India

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Wunder Mobility, a German-based carpooling service, who just last year entered into the carpool market in India, just raised $30 million during a Series B funding round.

The investment was led by the KCK Group, a US-based family investment firm, with participation from existing investor Blumberg Capital, an early-stage venture capital firm headquartered in San Francisco in the US.

So far, the company has raised a total of five rounds of funding, including two seed rounds in December 2013 and June 2014; a Series A round in June 2015; and Series B in October 2017. The funding amount remained undisclosed for all these rounds.

The Wunder app facilitates individual car-owners to share their rides with otherstravelingg along the same route. Founded in Hamburg in 2014 by Gunnar Froh and Sam Baker, Wunder started as Germany’s first ridesharing product in Hamburg and Berlin. The company then shifted its focus to urban carpooling in emerging markets and launched in Manila in the Philippines, followed by New Delhi, due to strict local transportation regulation in Germany.

Wunder Mobility marked its official launch in India in October 2017 with a revamped version of its global carpooling app, in line with the urban mobility needs of Indians. Prior to that, Wunder did a soft launch in India in early 2017 in three cities — New Delhi, Bengaluru, and Mumbai.

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