Sharedcab, a technology venture in cab services industry, announced that it has received angel investment under 5 Crores from prominent investors – Anupam Mittal, Sasha Mirchandani (Kae Capital), Blume Ventures and few others. The funds will be used for product development, marketing and building the organization. Sharedcab.com, launched in October 2012, aggregates existing taxi operators and provides shared taxi services to customers for regular travel.
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Sharedcab was a part of this years recently concluded GSF batch and was also amongst the top 5 startups there. has been founded by two senior professionals, Prakash Sikaria and NV Subramanian. Before this venture, Prakash was an investment banker in Barclays, New York and NV was a Business Head at Big Bazaar.
Speaking on behalf of Sharedcab.com, NV Subramanian (co-founder) said, “Urban travel offers exciting opportunities and we see huge potential in daily commute segment. We’re seeing a tremendous response from customers and they’re happy to get comfortable, pocket friendly rides and in an environment friendly manner. We aim to be the leading aggregator of daily urban travel.”
Anupam Mittal, Founder of People Group (Shaadi.com, Makaan.com) and a prominent angel investor said, “Prakash and NV bring together complimentary skillset. The team has a strong commitment towards building a business in this space. Their passion to make travel sustainable and cater to a huge unsatisfied consumer demand makes this is a very interesting investment for us. We wish them the best.”
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