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AHA Taxis secures pre series A funding from Lead Angels and ah! Ventures

Online intercity cab aggregator AHA Taxis has raised pre-series A funding of undisclosed amount from Lead Angels and its existing investors ah! Ventures. The Noida-based company plans to utilize the fresh funds in technology and to expand its operations in Bihar, Jharkhand and a few pilgrimage destinations in India. In June last year, the company had expanded to 20 cities and towns including Mumbai, Pune, and Shirdi in Maharashtra; Jaipur, Pushkar and Alwar in Rajasthan; Bhopal, Indore and Ujjain in Madhya Pradesh; Hyderabad, Tirupati, Srisailam, Vizag and Vijayawada in Andhra Pradesh; and Bangalore, Ooty, Mangalore, Coorg and Mysore. Launched in 2015 by Amit Grover, Praveen Samariya, Kunal Krishna, Arayan Kumar Sharma and Shivam Mishra, AHA Taxis has achieved break-even, it said in a statement. The company added that,  it "breaks-even with scale and reach to geographies where likes of Uber and Ola is not operating." It must, however, be clarified that while the other two are largely intra-city cab aggregators, AHA specializes in inter-city taxi services. The company says in its statement that its unique point is that it offers one-way fare for hiring taxis for outstation trips, whereas the norm used to be to charge the return fare. It adds that its customers end up saving 45% to 50% of what they would have otherwise spent on a one-way trip between any pair of cities in India. Competition Online taxi-hailing space is dominated by Uber and Ola, and both the company offer cabs for outstation travel. Ola also allows users to…

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