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TaxiVaxi receives second round of funding from individual investors

BS Reporter/Mumbai 19 May 16 | 06:12 PM

TaxiVaxi, first company globally to introduce all road travel solutions on a common platform, has secured a second round of funding in a short span of seven months since it’s first round of funding in August 2015. The company has received its second round of funding from individual investors.

Established by entrepreneurs and co-founders, NeerajTayal, Ankit Gupta and Vinod Kumar, TaxiVaxi is the only company globally to introduce radio cabs, outstation cabs, self-drive cars/ bikes and car-pooling on one common application.

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Funds will be used to expand into more cities, strengthen technology base and for increasing workforce. Company will expand its presence in corporate travel segment with cashless/ paperless travel for employees for multiple travel options.

TaxiVaxi presently operates in 300 cities across the country including Delhi, Mumbai, Pune, Gurgaon, Jaipur and Lucknow among others. The company has a current user base of 15000+ and 20 corporate clients with aggressive plans to grow upto 500 cities and achieve a target user base of 1000,000 by end of 2016.

After its Android app launch, the company has also launched an iOS app recently to expand its customer base. Additional features in the new app include TaxiVaxi Wallet.

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