TaxiForSure
 | |
| Private | |
| Industry | Transport |
| Founded | Bangalore, India (June 5, 2011)[1] |
| Founder |
|
| Headquarters | Bangalore, India |
Number of locations | 32 cities (2015) |
Area served | India |
Key people | |
| Services | Vehicles for hire |
| Parent | Ola Cabs |
| Website |
www |
TaxiForSure.com is a taxi aggregator company based in Bangalore, India. It provides facility to book a cab through calling, through their website or through their mobile application.
History
Taxiforsure.com is run by Serendipity Infolabs, which was started in June 2011 by two graduates from NIT Suratkal and IIM Ahmedabad, Aprameya Radhakrishna and Raghunandan G.[2] The company started providing its services in Bangalore in 2011 and expanded to Chennai and Delhi in 2013 after generating a positive revenue in Bangalore. In 2013, the company launched its mobile application for iOS and Android platforms and also allowed the booking of cabs through Twitter.[3] It tied up with Goibibo in October, 2013 to offer airport services to its customers in Bangalore and Delhi.[4] The company soon expanded its operations to Ahmedabad, Hyderabad, Baroda, Surat, Pune, Mysore, Udaipur and Rajkot in 2014. It also provides the option to hire luxury vehicles.[5] Recently, TFS has also started providing auto-rickshaws on call through their app.[6]
Ola acquired TaxiForSure for $200 million in a cash and equity deal on 2 March 2015.The founders assumed an advisory role after the acquisition to help in the transition and left the company on 16th April 2015.The company continues to operate as a separate entity with the CEO Arvind Singhal heading the company.[7]
In August 2015, 4 out of 36 cities where Taxi For Sure had services, merged with Ola.
Funding
- TaxiForSure.com received initial funding from Accel Partners India, Helion Venture Partners and Blume Ventures in 2012.
- The company secured its series A funding from the same group of investors in 2013 taking the total funding to USD 5 million approximately.
- In 2014, the company received series B funding of USD 10 million led by Bessemer Venture Partners. Existing investors also participated in this.[8]
- The company raised further 30 million from Accel Partners US on August 21, 2014.[9]
See also
References
- ↑ "TaxiForSure.com". http://www.helionvc.com/. Helion Venture Partners. Retrieved 3 August 2014. External link in
|website=(help) - ↑ "TaxiForSure raises funds from VCs". Financial Express (Financial Express). May 21, 2012. Retrieved 3 August 2014.
- ↑ Naidu, Vinaya. "TaxiForSure Provides Taxi Bookings Via Twitter With #TweetATaxi. Lacks Social Media Buzz". lighthouseinsights.in. Lighthouse Insights. Retrieved 3 August 2014.
- ↑ "TaxiForSure.com ties up with Goibibo". Business Line (The Hindu). Oct 7, 2013. Retrieved 3 August 2014.
- ↑ "Cab aggregator Taxiforsure raises $4 Mn in Series A". www.nextbigwhat.com. NextBigWhat. Retrieved 3 August 2014.
- ↑ http://indianexpress.com/article/cities/bangalore/bangalore-gets-humble-auto-rickshaws-on-call-as-startups-join-mobile-app-race/
- ↑ "Ola acquires India's second-largest cab aggregator TaxiForSure for $ 200 mn". Economic Times. Retrieved 13 March 2015.
- ↑ "TaxiForSure.com raises $10 mn in second round of funding". Business Line (The Hindu). May 3, 2014. Retrieved 3 August 2014.
- ↑ Sharma, Samidha (21 August 2014). "Accel US backs TaxiForSure in fight with Uber, Olacabs". Times of India (Bennett, Coleman & Co. Ltd.). TNN. Retrieved 22 August 2014.