Mumbai based online aggregator of car rentals, Olacabs which had raised USD 3.2 Mn in series B funding from Tiger Global in July this year, has now expanded its operations in Chennai.
The service already has its operations in 4 more cities including Mumbai, Delhi NCR, Bangalore and Pune with over 6,000 cabs. It has tied up with around 1500 operators across these cities and has also partnered with OTAs like GoIbibo, MakeMyTrip, ClearTrip, etc.
“We have a tremendous focus on customer centric ground transport solutions. Be it the high quality of cars, bilingual drivers or the technology, both at the backend as well as with the mobile apps for customers, we intend to solve Chennai’s most important problems with our service which is convenient and reliable at the same time… We are also working with drivers helping them buy their own vehicles and enable micro-entrepreneurship at scale,” says, Bhavish Aggarwal, co-founder and CEO, Olacabs.
Olacabs plans to get over 1,000 cabs on its platform in the next 6 months and 2,000 by the end of first year in Chennai.
For future it plans to expand its services in Chandigarh, Ahmedabad and Nagpur by end of this year.
Olacabs was founded in January 2011 by IIT Bombay alumni Bhavish Aggarwal and Ankit Bhati. It provides point-to-point services within a city, hour-based rental services and bookings for outstation travel.
The company claims to integrate technologies like GPS, real time traffic alerts and demand analysis, ensuring convenient, transparent and quick service fulfillment for the customers.
Its services can also be accessed via its iOS and Android app. The app alongwith booking information, also provides all the necessary details like the name of the cab, driver and vehicle number, distance from the user’s location as well as the expected time taken to reach the location.
A few other dealing in this space includes Zoom, Avis, Carzonrent, CarClub, Uber etc.
Uber is too going to launch its operations in Chennai soon.
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