TaxiForSure service to have 25k cabs in 1 year

The Bangalore-based taxi aggregator TaxiForSure plans to expand the number of taxis under its umbrella from the existing 5,000 to 25,000 across India in the next one year, co-founder Aprameya Radhakrishna, said here.

At present, the service is being made available in five cities, from where the firm plans to scale it up to 20 cities by 2015.

The taxi service provider, which launched its operations in Gujarat, its fifth state, said the company had also rolled out an offer of travel between any two points within Ahmedabad at Rs 99.

With the aim of working with various taxi operators and enabling them with technology to ensure that customers get a taxi ride, it would expand its operations across India to provide hassle-free, reliable and cheap travel, he said.

It had already provided consumer-friendly services in Bangalore, Chennai, New Delhi and Hyderabad.

TaxiForSure’s two co- founders, Raghunandan G. and Aprameya Radhakrishna, both IIM-A alumni, had launched the service in June 2011. Ever since, it has crossed over 15 lakh transactions.

TaxiForSure.com, Radhakrishna said, provided a nationwide umbrella to private taxi owners by enabling them through end-to-end technology for a hi-tech service. At the same time, they can continue to work with their traditional and local travel operators.

TaxiForSure recently raised $10 million in investments led by Silicon Valley investor BessemerVenture Partners. It already has Accel Partners, Helion Venture Partners and Blume Ventures as its existing investors, all of whom have participated in the latest investment round.

In June 2013, it had raised $4 million in the first round of institutional funding from its seed investors, Accel Partners, Helion Venture Partners and Blume Ventures.