FIACRE TELEMATICS PVT LTD is a startup in India that focuses on improving safety for cab users and cab drivers. Cabs are used extensively around the world and are sometimes being associated with crimes (theft, harassment, and even murder) and this is what motivated a team of young entrepreneurs to come together and build this project from scratch.
The product relies on technology. The driver or the passenger can have the footage taken from the cap uploaded to a service whereby the police or another party can check the situation. If it proves harmless the footage will be deleted shortly after for privacy reasons.
The “panic button” can be pressed and reached easily and will help prevent possible misfortunes.
FIACRE TELEMATICS PVT LTD has joined the Tech Cofounder program of FasterCapital. FasterCapital will handle the technical side of the project and will invest 50% of the money technical development requires. FIACRE TELEMATICS is going to raise $100K.
FasterCapital offers these services for all startups from all countries through its Tech Co-founder program. FasterCapital offers two other programs; Idea to Product program whereby FasterCapital will build/create the product and support entrepreneurs from the earliest stages. The third program is Grow your Startup which aims at meeting the needs of startups that need to internationalize, penetrate new markets, and increase sales. Founders can join by submitting through an online free-of-charge process.
Mr. Hesham Zreik, CEO of FasterCapital , comments on this collaboration, “FasterCapital is always eager to support and take other businesses to the next level using the tech and business expertise its team has acquired over the years.”
Pratyush Bhadra, founder of FIACRE TELEMATICS comments, “We are enthusiastic about the Tech Cofounder program and are looking forward to growing and technically developing our startup.”