Cab aggregators, bus aggregators, truck aggregators and now two-wheeler aggregators, startups in India are finding new ways of marrying transportation with technology. M-TAXI, an on-demand 2-Wheeler taxi service, has raised angel funding, led by angel investors named Mandeep Singh and Jairaj Singh.
Founded by Arunabh Madhur, the company aims to make last mile connectivity simpler for Indian commuters. It enables the use of technology in creating safe and secure 2-Wheeler taxi services. Before founding M-TAXI, Arunabh co-founded a Media content company, has also worked at senior positions with various Media networks and has created strategies & business models.
The service has started in Gurgaon from metro stations and plans to spread across NCR in the next phase. Passengers can either hail or book M-TAXI through its app. It has an initial charge of Rs 25 for the first three kilometers and Rs 5 for every subsequent kilometer.
Additionally, this is not the only one doing so. Another similar setup called Baxi, an on demand bike taxi service, has gotten approval from Gurgaon authorities to ply in the city, and will be launching on 30th November. Baxi has been started by Ashutosh Johri and Manu Rana, who are 1995 batch alumni of IIT Delhi.
On demand cab services aren’t feasible for all consumers who are looking for a quick and economical commute. And even while Shuttle aggregators are catching up, they aren’t feasible for a quick travel. On these lines, bike-taxis might make sense to several people for short distance commute. It might soon become clear if such business models make sense to investors too.
Category Investments News