Wednesday, November 6

Tag: mytaxiindia

Inter-city Cab Rental Platform MyTaxiIndia Raises Funding
1Mar By AnkitaNo Comments
FUNDING

Inter-city Cab Rental Platform MyTaxiIndia Raises Funding

Inter-city cab rental platform MyTaxiIndia has raised an undisclosed amount from ZGC Global, a Dubai-based investor to expand its operations. MyTaxiIndia, which claims to be present in 200 cities, is looking at rolling out its offerings in the North-East as well as tier I and II cities in states like Bihar, Uttar Pradesh, Madhya Pradesh and Chhattisgarh. However, no financial details of the investment were divulged. The company plans to raise its next round of funding of about USD 5 million in the next four months. Stating that the Dubai-based company will also participate in the Series A round, MyTaxiIndia Co-Founder Anshuman Mihir said: "We are discussing the valuation with several venture capital firms... We would be raising up to USD 5 million". In July 2016, MyTaxiIndia ha...
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MyTaxiindia Raises $1 Million From Nihon Kotsu
21Jul By RishabhNo Comments
FUNDING

MyTaxiindia Raises $1 Million From Nihon Kotsu

Delhi-based taxi service operator MyTaxiindia has raised $1 million (about Rs 6.7 crore) in bridge round of funding from existing investor Nihon Kotsu, a taxi rental company in Japan. "MyTaxiindia will use the capital for expanding services to tier 2 and 3 cities," a company release said, adding that a portion of the sum will also go towards technology development, marketing and branding. Nihon Kotsu is an 88-year-old service provider that operates limousines across Japan. It has a fleet of over 4,000 black and yellow taxis in Tokyo alone. "MyTaxiindia is currently in talks with other investors to raise USD 5-10 million in a Series A round," Anshuman Mihir, Co-founder and CEO, MyTaxiindia, said. Established in December 2013, MyTaxiindia offers inter-city taxi rental solutions a...
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