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21Nov By PriyankaNo Comments

FUNDING

Bike Taxi App Raises Fresh Funding From Skycatcher, Others

[dropcap]H[/dropcap]yderabad based Bike taxi operator Rapido, run by Roppen Transportation Services Pvt Ltd has received a funding of Rs 2.14 crore (around $329K) in a fresh round of funding from US Based Skycatcher Fund and UK-based Thompson Taraz Managers, Aravind Sanka, co-founder at Rapido told a financial daily. The bike taxi startup will be utilizing its funds to expand its geographical presence in the country, and strengthen its team. Rapido had earlier raised a funding of $422K in a round led by US based Battery Road Digital Holdings LLC. The round saw participation from its existing investor Astarc Ventures and an undisclosed Indian technology fund as per the reports by VCCircle. Also Recommended 100 Indian Startups Will Receive $1B Funding From Xiaomi : Lei Jun ...

Delhi Govt Puts on Hold Bike-Taxi and Rent-a-Bike Schemes

22Apr By Press Trust of IndiaNo Comments

News

Delhi Govt Puts on Hold Bike-Taxi and Rent-a-Bike Schemes

The city government has put on hold its bike-taxi and rent-a-bike schemes after authorities in Gurgaon and Bengaluru launched a crackdown over rampant violations in their operations. The AAP government had in February last year approved the rent-a-bike scheme but not notified it. It was aimed at providing last mile connectivity to tourists and individual in the city. The Bike-taxi scheme was, however, under consideration. "In Gurgaon and Benguluru, operators of rent-a-bike and bike-taxi schemes were running private vehicles which is in violation of rules. Only commercial vehicles are allowed under the scheme," said a senior official. The official said that in view of this, the transport department will study the scheme and then come out with a final notification. "We have put on...

20Apr By Press Trust of IndiaNo Comments

FUNDING

Rapido Raises Funding From Pawan Munjal, Rajan Anandan & Others

Bike taxi operator Rapido has received undisclosed amount of funding from a clutch of investors, including Hero MotoCorp Chairman Pawan Munjal, Google India head Rajan Anandan and early stage investment firms AdvantEdge Partners, Astarc Ventures and Tesellate Ventures among others. "Rapido is a commendable initiative and has the potential to generate significant employment, besides making convenient motorised transport accessible to the masses. With their strong background and passion, I believe that the founders of Rapido are well positioned to deliver on their promise," Munjal, who invested in his personal capacity, said Munjal, who invested in his personal capacity, said. Other investors include People group founder Anupam Mittal, Smile Group Partners; former Flipkart chief business o...

Odd-Even: These Startups Offering Free Rides

15Apr By AdityaNo Comments

News

Odd-Even: These Startups Offering Free Rides

With the second phase of odd-even scheme set to be rolled out from tomorrow, ride-sharing startups are lining up with free rides and scaling up operations to handle higher demand from consumers. The odd-even scheme was implemented on an experimental basis from January 1 to January 15 in view of high air pollution in the national capital. The second phase will commence on April 15. Bike taxi operator Rapido said, it will offer free rides to people travelling to and from some of the metro stations like HauzKhaz and Malviya Nagar during April 15-30. Bengaluru-based startup 360Ride, which offers a ride-sharing platform for personal vehicle owners, said it will incentivise people using its platform with commuters earning up to Rs 1,200 by sharing their ride on four-wheelers and Rs 600 on t...

Uber launches Bike Taxi “UberMOTO” in Gurgaon

30Mar By Press Trust of IndiaNo Comments

News

Uber launches Bike Taxi “UberMOTO” in Gurgaon

After Bengaluru, taxi-hailing app Uber today launched a pilot of its bikesharing product "uberMOTO" in Gurgaon. "Uber today announced a pilot of Uber's bikesharing product - uberMOTO in Gurgaon... This follows our agreement with the government of Haryana to introduce technology based ride-sharing services in the state," it said in a statement. The company has set minimum fare at Rs 15, followed by Rs 3 per km and Rs 1 per min of ride-time charges. The minimum fare is Rs 20. It will compete with companies like Baxi. "UberMOTO works towards the vision of reducing congestion by helping fill every empty seat on the bikes on road. It enables riders to push a button and share a motorbike ride within minutes," Uber Delhi General Manager Gagan Bhatia said. It's a great way for people t...

OLA and Uber Launched Bike Taxi Services in Bengaluru

3Mar By AnkitaNo Comments

News

OLA and Uber Launched Bike Taxi Services in Bengaluru

Taxi service providers in India, Ola and Uber have launched Bike Taxi services in Bengaluru on the same day. The minimum fare of UberMoto starting at Rs. 15 and Rs. 30 for Ola Bikes. Starting fare of Ola bikes are Rs. 2 per km and Re. 1 per minute of trip time. While UberMoto price will be Rs. 3 per kilometre, and Rs. 1 per minute of trip time. Uber India President Amit Jain said, "We are very excited to pilot uberMOTO in Bengaluru pairing our on-demand technology platform with motorbikes, the predominant mode of transport in India". Uber said that it offers GPS tracking, 2-way feedback, and the ability to share trip details with family and friends. It is also taking registrations from people who own motorbikes and scooters to become drivers on the platform and recoup the costs o...