YourNest Angel Fund, an early stage venture capital fund has invested in Bookmycab.com, which offers local travel – point to point, airport transfer and railway station transfer using metered taxi through its 24 hour taxi helpline (022) 6-1234567, website www.bookmycab.com or by sending email to email@example.com. The company claims to be the only service provider to book Black & Yellow Taxis and Cool Cabs in Mumbai. The local taxi services are offered at regular fare structure as approved by transport authority:
· Non AC – Rs. 17 for 1.6 Km and thereafter Rs. 10.5/Km,
· AC – Rs. 21 for 1.6 Km and thereafter Rs. 13/Km
Bookmycab.com has an exclusive Pan India partnership with ARS SE (subsidiary of ARS Traffic & Transport Technology BV, The Netherlands) for running its entire technology backend including dispatch technology comprising navigation device, automated dispatch technology and IT infrastructure.
With over 1900 taxis registered for the service, Bookmycab plans to use the funds raised from YourNest Angel Fund to expand its taxi base to secure a leadership position in Mumbai.
“Bookmycab.com is the only call taxi service in Mumbai to book regular Black & Yellow taxis which include the newer models like Santro, Wagon R, EECO, Swift Dzire, etc. While it offers the lowest metered fare to the customers it also ensures the passengers safety through real time tracking of every cab round the clock thus making it a distinct taxi service in the city,”says Avinash Gupta, Managing Director – Bookmycab.com
Added Raviraj Jain, Founding Director, Bookmycab.com, “We aim to improve accessibility to taxis for the average commuter by providing them convenient booking options via the internet and phone. Soon, we’re also launching location-based iPhone and Android phone app and social media module to allow commuters to book taxis via Facebook.”
Recent funding in this space:
- TaxiForSure raises funding from Accel Partners, Helion Venture Partners and Blume Ventures
- Olacabs secures Series A round from Tiger Global