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June 20, 2013

Deal Alert: Taxiforsure raises new round from Accel, Blume & Helion

Online taxi aggregator Taxiforsure has raised its Series A round from its seed investors Accel Partners, Helion Venture Partners and Blume Ventures. Taxiforsure claims to clock around 2000 bookings per day across Bangalore and Delhi

The company has partnered with around 25 cab operators in Bangalore and around 15 in Delhi and claims to have reached operational profitability in Bangalore. It has also done its own branding on about 550 cabs that are operated by small local operators. The firm now intends to expand to 15 locations including Mumbai, Pune, Chennai, Hyderabad and Jaipur by 2015.

From the Venture Intelligence PE Deal database: In May-12, Taxiforsure has raised its seed round from Accel Partners, Helion Venture Partners and Blume Ventures.

Source: Economic Times

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