TaxiForSure, a Bangalore based aggregator of taxis and car rentals in India has recently raised another round of funding from its seed investors. The company so far has raised $4 million in venture capital from Accel Partners, Helion Venture Partners and Blume Ventures, reports The Economic Times. However, the majority of funds has come in this round.
Earlier, the company raised an undisclosed amount of seed round in May from the same three investors.
Operational since June 2011, The company works with various taxi operators in the organized and unorganized taxi rental space in India, bringing them to a common technology and operational platform.
Founded by IIM Ahmedabad alumnus and engineering graduates from NITK Surathkal – Aprameya Radhakrishna and Raghunandan G, the company offers a wide range of car types, price points and help users rate the service (operator and driver) which is used as feedback for future bookings.
It allows point-to-point hires, local and outstation packages and airport transfer as its core services. Besides regular taxis, the company also offers luxury cars booking including Rolls Royce Phantom, Hummer, Limousines, BMW 7 Series, Mercedes S class and a few more.
Currently operational in Bangalore and Delhi with 40 cab operators registered under its umbrella, TaxiForSure plans to expand to Mumbai in coming months.Category Investments News