wordpress blog stats
Connect with us

Hi, what are you looking for?

SharedCab Raises Rs 5 Crore From Blume Ventures & Others

SharedCab.com, a website that offers a platform where daily commuters can sign up for airconditioned chauffeur driven pooled cabs, has raised Angel funding from Anupam Mittal, Sasha Mirchandani (Kae Capital), Blume Ventures, Rajesh Sawhney and few others, reports NextBigWhat. The report pegs the investment to be under Rs 5 crore, and mentions that the funds will be used for product development, marketing and building the organization. Note that SharedCab was among the 15 start-ups that were shortlisted by GSF Accelerator in its inaugural batch. At the time of writing this post, the service is available only in Mumbai. Users can sign up for the service by entering their desired start and destination points, and selecting the time of their pick-up and drop. The site claims that its systems efficiently pool users, matching routes in real-time, and offers cool cab sedans and small cars. The service also allows a group of three or more people to book a private shared cab. However, at this point in time, cab booking and payments are not online. Founded by Prakash Sikaria and NV Subramanian, the service has access to a fleet of 500 cabs, according to the report. It's interesting to note that the site is focusing on daily commuters, instead of just aggregating cabs from offline operators, and facilitating regular bookings online. We're not sure about the company's business model but we assume that it might be working on a commission basis with operators. Other investments in online Cab booking services In July, taxi rental service Bookmycab had received…

Please subscribe/login to read the full story.
Written By

Free Reads

News

The Bill allows the Attorney General or any district/ city attorney to seek injunctive or other equitable relief against a large online platform

News

The tech giant made it clear it doesn't share data from organizations using Azure OpenAI and Copilot to third-parties or use it to train...

Google

Among the selected organizations are Quill.org and the World Bank, both known for their work in AI-powered tools.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ