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M-TAXI, a Gurgaon-based, app-based two-wheeler taxi hailing service, has raised an undisclosed amount in an angel round led by private investors Mandeep Singh and Jairaj Singh.
Floated in February 2015 by Arunabh Madhur, an alumnus of the Indian School of Business (ISB), M-TAXI passenger service aspires to make the life of an urban city dweller more livable and provide him with that extra productive time to make more out of his daily life, M-TAXI said in a statement on Saturday.
"We are in the process of starting our operations from Gurgaon, 200 2-wheeler taxis to start with, within the next two months, followed by Delhi in a month from then. Our idea is to target the commuters from Metro Rail and other public transport stations," Madhur told Business Standard.
M-TAXI was conceived in response to the growing challenges commuters face with public transport, particularly last-mile connectivity and traffic jams. The public transport options available with larger vehicles are ineffective in slow-moving traffic and are also expensive. Given this scenario, M-TAXI offers an on-demand app based and hailing 2-Wheeler taxi service for commuters across the board, which is quick, convenient and economical, the release said.
According to Madhur, M-TAXI service would have an initial charge of Rs 25 for the first three kilometre and Rs 5 for every subsequent km.
Passengers are assured of riding with a uniformed pilot and are provided with a hair cap, helmet, and wet wipe for an optimal conveyance experience, M-TAXI said in the release.
