Mumbai-based online aggregator of car rentals and point-to-point cab services OlaCabs has launched operations in Delhi and Bangalore. OlaCabs’ smartphone-enabled cab booking service helps a customer call for a taxi and track it till it reaches its destination. Olacabs first started its services in Mumbai. By the end of the year, the company plans to offer services in 10 cities, and the apps will be available from day one of the launch, in each of these cities.
In July 2012, the company had launched an iPhone application, which allows users to book a cab with one touch on their iPhones. The company plans to launch the BlackBerry version of the app within a month. In April 2012, OlaCabs.com had raised Series A funding from Tiger Global Management. Prior to that, in April 2011, the company received an undisclosed amount of angel investment from Rehan yar Khan, Anupam Mittal and several others.
Bhavish Aggarwal, Co-founder and CEO of the company said, “Olacabs is committed to increasing its robust, competitive presence throughout metros in the country, and Bangalore is our third city. Olacabs is poised to offer the best cab experience for commuters in the city as we intend to iron out any bottlenecks that arise from booking a cab, to enjoying the ride and reaching the destination effortlessly. We believe that this will chiefly be enabled by technology and stringent quality assessments.”
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