Bookmycab has become the first app-based taxi aggregator to obtain an operating license in the Delhi NCR region. The announcement comes after license applications of Ola and TaxiForSure were rejected by the local transport department.
While the Delhi HC has directed that it was wrong of the City’s government to withhold issuing modified call taxi operator licences, many players are still awaiting for the same.
The Delhi government has been exercising extreme precaution for granting of licences to call taxi service providers after a lady was raped by an Uber driver in the city and also several other instances of harassment by drivers across the country.
By being granted the first license to operate in Delhi, Bookmycab has exclusive access to one of the largest markets for taxi services in the country. Delhi is the second largest market for taxi services in the country after Mumbai.
The segment has witnessed a growth of 15-20% per year and is expected to grow by 20-25% in the coming years given strong demand. Bookmycab is now planning to expand to other metros across the country in order to sustain its growth.