Deepesh Agarwal, cofounder and CEO of MoveInSync
SaaS-based employee commute automation platform MoveInSync is looking to enter new markets such as Philippines and Ghana to add to its existing operations in Indonesia, Sri Lanka, Malaysia, Jamaica, and South Africa, among others.
The company is looking to close this financial year with a revenue of Rs 350 crore and aiming to double its revenue to Rs. 700 crore in the next 12 months.
“Over the last six months, we have grown more than 100% with enterprises rapidly bringing back employees to work. We have seen this trend globally as well. Our growth is driven by the need for enterprises to optimise employee productivity at various levels – be it in commute or at work itself,” said Deepesh Agarwal, cofounder and chief executive of MoveInSync.
The South East Asia and Middle East geographies remain very promising for growth, Agarwal said.
MoveInSync added WorkInSync to its suite of enterprise products during the pandemic to enable existing enterprise clients to create a hybrid, safe, digitised work environment for their employees.
While the platform’s revenue primarily stems from employee commute solutions, its workplace automation product WorkInSync has contributed to the growth as well, Agarwal told ET.
“Since April, we have been seeing an uptick in business as companies get employees back to work. We have helped enterprises to cut down the carbon footprint by optimising commute to office through effective routing and electric vehicles,” Agarwal added.
According to the company’s data collected from over 200 global enterprise clients across 24 countries, more than 80% of the workforce is back to work, albeit in a hybrid manner. This number is poised to cross 100% of pre-Covid levels by early 2023.
The enterprise transport product is currently used by companies like Google, Facebook, Microsoft, Amazon, Infosys, and Wipro, transporting more than 500,000 employees per day, globally, clocking more than 3 million trips each month.
MoveInSync is backed by Athera Capital, Saama Capital, Nexus Ventures and Qualcomm.