Fundings and Exits

Zūm raises $5.5 million to pick your kids up from school


Fast paced mother and father could benefit a whole lot from ridesharing, but they simply cannot send their little ones by itself in an Uber till they are 18 many years previous.

That’s why quite a few startups are seeking to build an “Uber for kids” idea, acting as a shuttle to take young ones from university to soccer apply or house. There’s HopSkipDrive and Shuddle (which shut down), but now a newer entrant, Zūm is reported to be getting traction.

Amazed with the progress given that its early 2016 start, Sequoia Cash is leading a $5.5 million Series A spherical for Zūm.

Zūm is starting to be a “one-halt store for hectic family members,” reported Sequoia’s Bryan Schreier. And “they’ve performed an especially great task doing the job with colleges, in addition to mother and father.”

Partnerships with colleges is a single way that Zūm hopes to set itself aside from the pack. The startup has been doing the job with far more than 800 colleges in the San Francisco Bay Region and Orange County, searching to present a greater different to a university bus.

With an emphasis on childcare, CEO Ritu Narayan states there is “better trust and security since we present a dependable set of drivers to the household.” Zūm hires individuals with childcare expertise like nannies, nurses and teachers.

That’s since Zūm hopes its buyers will view the service as far more than just a way to get their little ones from a single action to the future. The startup rates about $16 for a one ride and then $6 for just about every 15 minutes of care. (Team prices are decreased for each boy or girl and there are also every month options.)

Narayan states that the freshly lifted funds will assist the company develop in new geographies and also employ the service of far more staff members in advertising, operations and engineering.

Showcased Picture: Zum

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