wordpress blog stats
Connect with us

Hi, what are you looking for?

Funding Digest: edabba, Taxiguide, Yourcabs

New Delhi based E-tailing site edabba.com, owned by Omnipresent Retail Pvt Ltd has raised $1 Million in a series-A funding round. As reported by VCCircle, investors include Satyendra Shukla (CEO & founder of Four-S Services Pvt Ltd) and Amit Patel (who is also part of a jewellery company) among others. The company plans to use the funds raised in the current round for bankrolling the expansion plans and marketing of the model.

Unlike other eCommerce sites, edabba.com intends to make e-commerce inclusive by setting up physical contact points in ‘trusted’ established local stores in B and C class cities with  a hybrid model – ‘brick & click’. It ties up with various offline retailers on the website and uses their infrastructure and reach to sell products and services.

Currently, edabba operates in Uttarakhand, Rajasthan, Bihar, and Goa, the firm plans to enter 10 other states with Punjab on its hit list.

***

Bangalore based online car rental booking service, Taxiguide has raised Rs 25 lakh in angel funding from Anand R P, reports VCCircle. Anand R P,  investment director at Squadron Capital, has made this investment in his personal capacity. The capital raised will be used for for expanding operations and meeting working capital requirements. However, Taxiguide is also looking to raise $2 Million in a Series A round which it intends to use for customer acquisition, hiring, improving the technology, and marketing.

Taxiguide operates in 75 cities operates as a car rental aggregator, bringing together taxi operators and retail customers on one platform. Taxiguide competes against other car rental aggregators like Savaari.com, YourCabs.com, Getmecab.com and Olacabs.com. It also competes with private taxi service operators like Easycabs and Meru Cabs, which  recently partnered with the travel portal Cleartrip to offer a cab booking service for Cleartrip customers.

Advertisement. Scroll to continue reading.

***

Bangalore based  Yourcabs.com, another online cab booking service provider, has raised an undisclosed amount  in angel funding from Sprism Investment Pvt Ltd and an unnamed angel investor, reports VCCircle. The capital raised will be used for expanding operations, meting technology back-ends requirements and marketing needs. However, Yourcabs is also looking for a bigger round of funding by the end of this year.

Along with operating as car rental aggregators, collaborating with taxi vendors for providing services like booking a city taxi (for in-city travel), an airport taxi (pick-up and drop) or outstation cabs (within 2,500 km), Yourcabs also provides rental of luxury cars, vans and mini-buses, as well as group bookings for weddings and corporate hires.

Just like Taxiguide, Yourcabs competes against car rental aggregators like Savaari.com, Getmecab.com and Olacabs.com. Most of the start-ups in online car rental aggregators have closed funding rounds in last 2-3 weeks.

Advertisement. Scroll to continue reading.
Written By

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

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

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

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...

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

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...

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