About Novo cabs
Novo cabs is a company based in Srinagar (India) founded in 2020. It operates as a B2C, and D2C. The company has 1 employees as of March 31, 2022. Novo cabs offers products and services including City Rides, Outstation Trips, and Hourly Rentals. Novo cabs operates in a competitive market with competitors including Uber, Savaari, Meru, Gozocabs and TaxiForSure, among others.
- Headquarter Srinagar, India
- Employees 1 as on 31 Mar, 2022
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Sectors
Transportation, Automotive & LogisticsTravel & Hospitality
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Email
***********
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Phone
*********
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Website
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- Legal Name Novo Cabs Private Limited
- Date of Incorporation 01 Dec, 2021
- Jurisdiction Srinagar, Jammu & Kashmir, India
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Annual Revenue
$1.59 K (USD)0as on Mar 31, 2022
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Net Profit
$-338.48 (USD)0as on Mar 31, 2022
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EBITDA
$-338.48 (USD)0as on Mar 31, 2022
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Latest Funding Round
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Investors
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Employee Count
1
as on Mar 31, 2022
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Products & Services of Novo cabs
Novo cabs offers a comprehensive portfolio of products and services, including City Rides, Outstation Trips, and Hourly Rentals. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for quick and comfortable city travel with fair upfront pricing.
Comfortable rides to other cities in Jammu and Kashmir for tourism.
Cab hire for shopping, meetings, or sightseeing needs in the region.
Funding Insights of Novo cabs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Novo cabs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Novo cabs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Novo Cabs Comparisons
Competitors of Novo cabs
Novo cabs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Uber, Savaari, Meru, Gozocabs and TaxiForSure, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform providing ride-hailing and food delivery services
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| domain | founded_year | HQ Location |
App-based intercity ride-hailing aggregator
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| domain | founded_year | HQ Location |
Ride-hailing services are facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
Inter-city taxi bookings are enabled via a mobile app platform.
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| domain | founded_year | HQ Location |
Car rental aggregator
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| domain | founded_year | HQ Location |
Three-wheeler rides are booked via an app-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Novo cabs
When was Novo cabs founded?
Novo cabs was founded in 2020.
Where is Novo cabs located?
Novo cabs is headquartered in Srinagar, India. It is registered at Srinagar, Jammu And Kashmir, India.
How many employees does Novo cabs have?
As of Mar 31, 2022, the latest employee count at Novo cabs is 1.
What is the annual revenue of Novo cabs?
Annual revenue of Novo cabs is $1.59K as on Mar 31, 2022.
What does Novo cabs do?
Novo Cabs operates as a cab service provider in Jammu and Kashmir, India, offering app-based bookings for city rides, outstation trips, and hourly rentals. It emphasizes fair pricing, verified drivers, and well-maintained vehicles to ensure safety and comfort for locals and tourists. The service covers areas like Srinagar and Jammu, facilitating daily commutes, tourism, and flexible travel needs with transparent fares and local expertise.
Who are the top competitors of Novo cabs?
Novo cabs's top competitors include Uber, Savaari and TaxiForSure.
What products or services does Novo cabs offer?
Novo cabs offers City Rides, Outstation Trips, and Hourly Rentals.