A ride-hailing app for scooters launches in Gurgaon

Baxi raised $1.5 million from Manish Kheterpal of Canaan Partners and Alok Mittal of Indifi Technologies, reports Tech in Asia

Product X – soap, for example – has always been used to do Y – clean things. It has managed to infiltrate the depths of the market with years of effort from a series of giant, global players who are all making a ton of money off its sales. Is there any way to take advantage of the infiltration, create another industry, and start something new – infusing the soap with nutrients to dissolve in polluted rivers, perhaps – with the same product?

Ashutosh Johri and Manu Rana, the founders of Baxi Taxi, a ride-hailing app for two-wheelers, would say yes. In their case, the product is in a category for which India holds the second rank in the world – two-wheeler scooters.
 

As of December 1, 2015, the Indian state of Haryana officially allowed two-wheelers to operate as commercial vehicles in the state, making it the second state to do so after Goa. The new-found freedom has arrived partially as a result of the founders’ hard work – which, as the team explains, has nothing to do with the pace of the government.

“It was easier to make this happen than it was to raise funding,” explains Baxi team member Rohit Koshy. 
 

Baxi just announced a $1.5 million round of funding from investors like Manish Kheterpal, partner at Canaan Partners, and Alok Mittal, CEO of Indifi Technologies and started operations on December 1, which is coincidentally also Gurgaon’s ‘Car Free Day’. 

This is an excerpt from Tech in Asia. You can rea d the full article here.