Outstation cab aggregator start-up AHA Taxis on Monday announced receiving of pre-series A funding by Lead Angels and its investors ah! Ventures for an amount undisclosed.
Aha Taxis, which is operational in over 4000 destinations across India, will utilize the funds in technology and further expansion in Bihar, Jharkhand and pilgrimage destinations in India.
Working on the USP of offering one-way fare for hiring taxis for outstation trips, whereas the trade norm used to be to charge the return fare, AHA Taxis achieved BREAK EVEN with scale and reach to geographies where likes of UBER and OLA is not operating.
"AHA Taxis has been positively changing the dynamics of outstation taxi market in India. With thousands of driver partners and pan India presence, we are now providing outstation taxis service in more than 4000 cities across India. Making it possible to travel from anywhere to anywhere in India with AHA Taxis isn't small achievement team," said CEO Amit Grover.
"We are working on algorithms to optimize reverse fill rates. Auto allocation; taxi routing, shortest path algo to control pricing and availability. With the help of machine learning, the system would be able to learn seasonal demand, price and supply relation, and predict upcoming demand from selected cities and routes," said CTO AHA Taxis, Praveen Samariya.
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