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BookMyCab.com raises funding from YourNest Angel Fund and Mumbai Angels

BookMyCab.com, an online and phone-based
cab booking service has raised its first round of funds from early-stage
investor YourNest Angel Fund and Mumbai Angels. Run by LiveMinds Solutions Pvt
Ltd, BookMyCab is the only service provider to book Black and Yellow Taxis
and Cool Cabs in Mumbai. With over 1900 taxis registered for the service, BookMyCab.com
plans to use the funds raised from YourNest Angel Fund to expand its taxi base
to secure a leadership position in Mumbai.

BookMyCab.com, an online and phone-based
cab booking service has raised its first round of funds from early-stage
investor YourNest Angel Fund and Mumbai Angels. Run by LiveMinds Solutions Pvt
Ltd, BookMyCab is the only service provider to book Black and Yellow Taxis
and Cool Cabs in Mumbai. With over 1900 taxis registered for the service, BookMyCab.com
plans to use the funds raised from YourNest Angel Fund to expand its taxi base
to secure a leadership position in Mumbai.

LiveMinds Solutions is the sole licensee
from Maharashtra Government to run its call taxi service under the brand name
BookMyCab.com. BookMyCab.com has an exclusive Pan India partnership with ARS SE
(subsidiary of ARS Traffic and Transport Technology BV, The Netherlands) for
running its entire technology backend including dispatch technology comprising
navigation device, automated dispatch technology and IT infrastructure.

“BookMyCab.com is the only call taxi
service in Mumbai to book regular Black and Yellow taxis which include the
newer models like Santro, Wagon R, EECO, Swift Dzire, etc. While it offers the
lowest metered fare to the customers it also ensures the passengers safety
through real time tracking of every cab round the clock thus making it a
distinct taxi service in the city,” says Avinash Gupta, Managing Director, BookMyCab.com

Raviraj Jain, Founding Director, BookMyCab.com,
said, “We aim to improve accessibility to taxis for the average commuter by
providing them convenient booking options via the internet and phone. Soon,
we’re also launching location-based iPhone and Android phone app and social
media module to allow commuters to book taxis via Facebook.”

Sunil K Goyal, CEO and Fund Manager,
YourNest Angel Fund who will also join as a nominee on board of director of BookMyCab.com,
said, “There is an urgent need to address the state of the local transport in
metros like Mumbai. Presently, while commuters suffer due to lack of sufficient
cabs offering quality service, taxi drivers are faced with low earnings. BookMyCab.com
effectively addresses both these issues. As we move forward, the company will extend
this model to other cities too.”

 “Great
team, world class technology partner, licensed by the state government and a
scalable business model attracted us to partner YourNest in sharing the vision
of BookMyCab.com,” Anil Joshi, Mumbai Angels, said.

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