About TaxiForSure
TaxiForSure is a company based in Bengaluru (India) founded in 2011 was acquired by Ola in March 2015.. TaxiForSure has raised $45.21 million across 5 funding rounds from investors including Ola Cabs, Bessemer Venture Partners and Accel. The company has 1 employees as of April 01, 2024. TaxiForSure operates in a competitive market with competitors including Uber, Savaari, Meru, Gozocabs and Namma Yatri, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 01 Apr, 2024
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Serendipity Infolabs Private Limited
- Date of Incorporation 14 Feb, 2011
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$3.83 M (USD)490.85as on Mar 31, 2015
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Net Profit
$-34.51 M (USD)-1236.53as on Mar 31, 2015
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EBITDA
$-34.36 M (USD)-1526.21as on Mar 31, 2015
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Total Equity Funding
$45.21 M (USD)
in 5 rounds
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Latest Funding Round
$30 M (USD), Series C
Aug 21, 2014
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Investors
Ola Cabs
& 8 more
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Employee Count
1
as on Apr 01, 2024
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Acquired by
Ola
(Mar 02, 2015)
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Funding Insights of TaxiForSure
TaxiForSure has successfully raised a total of $45.21M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $30 million completed in August 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $30.0M
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First Round
First Round
(25 Apr 2012)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2014 | Amount | Series C - TaxiForSure | Valuation | Accel | |
| May, 2014 | Amount | Series B - TaxiForSure | Valuation | Bessemer Venture Partners | |
| Jun, 2013 | Amount | Series A - TaxiForSure | Valuation | Helion Venture Partners , Accel |
| 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 |
Investors in TaxiForSure
TaxiForSure has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Ola Cabs, Bessemer Venture Partners and Accel. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early to late-stage venture capital is invested in Indian sectors.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TaxiForSure
| 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 - TaxiForSure
| 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 |
Taxiforsure Comparisons
Competitors of TaxiForSure
TaxiForSure 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 Namma Yatri, 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 |
Three-wheeler rides are booked via an app-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Taxiforsure
Frequently Asked Questions about TaxiForSure
When was TaxiForSure founded?
TaxiForSure was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is TaxiForSure located?
TaxiForSure is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is TaxiForSure a funded company?
TaxiForSure is a funded company, having raised a total of $45.21M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Apr 25, 2012.
How many employees does TaxiForSure have?
As of Apr 01, 2024, the latest employee count at TaxiForSure is 1.
What is the annual revenue of TaxiForSure?
Annual revenue of TaxiForSure is $3.83M as on Mar 31, 2015.
What does TaxiForSure do?
TaxiForSure.com is an aggregator of car rentals and taxis in India for point-to-point pick up and drop, airport transfer, local and outstation packages. Has a web portal and mobile apps on iOS and Android for cab booking. Works with local cab operators who own cabs and employ drivers unlike Ola which works directly with drivers. Present in in 47 cities with over 15,000 vehicles registered on its platform (March 2015). Introduced Auto-rickshaw and Tata Nano-booking feature in late 2014. Acquired by Olacabs for 200M in a cash and stock deal in March 2015. It was reported that post-acquisition, Ola and TaxiForSure will continue to operate as separate entities and the founders of TaxiForSure would play an advisory role in Ola for a certain period with Arvind Singhal (currently COO) being appointed the CEO. In August 2016, Ola shut down TaxiForSure operations.
Who are the top competitors of TaxiForSure?
TaxiForSure's top competitors include Uber, Savaari and Namma Yatri.
Who are TaxiForSure's investors?
TaxiForSure has 9 investors. Key investors include Ola Cabs, Bessemer Venture Partners, Accel, Helion Venture Partners, and Blume Ventures.
What is TaxiForSure's valuation?
The valuation of TaxiForSure is $137.57M as of Aug 2014.