AHA Taxis mulls raising series A funds of at least Rs 30 cr

Noida-based AHA Taxis, a cab aggregator for outstation trips, today said it is planning to raise Series A Funding between Rs 20 crore and Rs 30 crore.
Last month, the cab aggregator had raised an undisclosedpre-series A funding led by lead angels and its investors ah! Ventures, AHA Taxis Co-Founder Arayan Kumar Sharma told PTI here.
Sharma said company plans to invest proceeds in technology and expansion of services to Karnataka and other southern states like Telangana, Andhra Pradesh and Tamil Nadu.
"We want to invest the proceeds to build technologies relating to automation and artificial intelligence. This, I believe, will scale up our business down South in states like Karnataka, Telangana, Andhra Pradesh and Tamil Nadu," he said.

In the next round of funding, the company intend to expand in Kerala, he said.
The company wants to make an official launch of itscab services in Karnataka by December end, Sharma said.

He said the company offers one-way fare for hiring taxis for outstation trips, whereas the trade norm used to be to charge the return fare.
To a query, Sharma said the company believes in profit-making business model rather than the American model oftraction and volumes model.
He said the company is providing outstation taxis service in more than 4000 destinations across India.