GoTo Raised $150K from Ex-Uber Finance Head (Global Business) Jesse Lucas

GoTo Mobility has raised $150K from Ex-Uber FInance Head Mr. Jesse Lucas, on a Valuation of 11 Million Dollar , Mr. Lucas was the 15th Employee of Uber and took it up to the IPO in 2018. His Knowledge and expertise in this business is surely more valuable than his investment amount.

GoTo is currently Raising 2.5 Million Dollar in its seed funding round which is expected to be closed in the next 6 month time period. with Presence of Jesse now GoTo will be able to attack the market more aggressively.

GoTo Is an Advanced Alternative of Daily commuter for the Intercity Segment & operates on exclusive fleets & owns 100% of its inventory. Before lockdown GoTo was sharing inventory with existing bus operators between cities but it faced difficulties in terms of Maintaining the Safety & Security standards for its passengers as it was having other passengers from different apps even bus operators used to take lots of off line booking. also operation standards were not getting followed. During the lockdown period the company revamped the entire Transportation System in its app and launched an Exclusivity clause for its vendor.

Since then there had been no look back for GoTo & current growth rate for company is 2X month on month, GoTo is eying to multiply current growth rate to 10X more from april onwards and the way things are moving with this start-up it looks like the Company will achieve this target.

GoTo was founded by Harsh Vardhan Sharma & Akhilesh Sagar before raising this round GoTo has seen more than 200 Rejections from Investors & VC.

“It was not at all easy to raise money, specially in 2020 because Covid-19 has affected the entire transportation industry at its most. I have been advised by many people to shut it down soon as lockdown was declared but it was the only option that I was not ready to opt for. I have done extensive Investor reach to find the right person for this investment including buying the database of 5000 Professional Investor across globe, I have mailed all of them using mail marking software, a lot of them have responded back to us, but all those who has responded to us were having average ticket size of $ 2 Million to $ 10 MIllion Which was at least 5X more than what we were seeking to raise. I was always interested in the people who were with Uber at its very early stage so I accessed some of Uber’s early days documents on US Security exchange website, I got the contact details for Jesse Lucas there. It was not having any mail id so I have sent a Whats app text to him, mentioning the purpose of reaching out to him, Jesse took more than 2 weeks to respond the message by mentioning that he is not active on whats app and asked to drop a mail for the same, from here our conversation started with Jesse and He found us perfect fit for his personal Investment Portfolio. We are not only pleased that Jesse has invested with us we are pleased because he is joining us on the Board of directors as well because his expertise in FInance is something we were looking to as well for our mentorship.”- Harsh Vardhan Sharma

“Intercity Public Road Transit is more than $ 5Bn Daily Market in India, I have been the guy who have monitored uber launch in Indian Market, I understand its potential & Growth very deeply also I am very much impressed with current founding team of GoTo, Harsh & Akhilesh both seems to be a prefect match of Co-Founders. Being and Investor and Board Member I am looking to make GoTo a Unicorn in a Span of 18 month to 24 Months, this would be very challenging but I am trusting the capabilities of this team”- Jesse Lucas

“GoTo is just not an app, it is the future technology for 1.25 Bn People in India, our focus is more on providing the wow experience to the commuters who are actually suffering on daily basis in SRTC services as well as having painful experience in current bus online booking system, Our USP is just only real-time functionality, our usp is in creating dynamic boarding points and connecting Locality to locality in Intercity segment rather than connecting city to city”- Akhilesh Sagar