How MoveInSync Attained 240% Growth in 10 Months?

MoveInSync revolutionizes employee commuting for tech giants like Google, Facebook, Microsoft, Amazon, Infosys, and Wipro, with a vast network serving 500,000 employees with 3 million monthly trips. With a focus on seamless experiences and innovation, it stands as India's largest end-to-end employee commute solution, offering a fleet of over 5200 vehicles, including 500 EVs, for a sustainable and efficient commute.

Raising capital consumed valuable time and resources, diverting focus from core business growth initiatives. Encountering hidden covenants and relying heavily on equity-dependent capital structures, MoveInSync experienced setbacks in addressing its working capital gaps and upscaling its technological infrastructure. Its fundraising efforts stretched over 6 months, resulting in prolonged uncertainty and distraction from operational priorities.

MoveInSync managed its capital requirements through a streamlined process with Recur Club, led by Eklavya Gupta, the founder. Completing due diligence swiftly within 2 days over a weekend, it first raised capital in July 2022. The transportation services app has since raised debt capital 6 times, worth a total of ₹10.64 Crores.

MoveInSync experienced significant growth and financial stability due to the immediate deployment of capital. It successfully expanded its team size and acquired new customers, contributing to an increase of more than 300% in revenue in FY 2023 and an improvement of 110% in its EBITDA margins. By establishing Recur Club as its sole capital partner, MoveInSync gained operational flexibility and utilized the capital efficiently monthly, ultimately achieving breakeven during the specified period.