BookMyCab gets licence from Delhi govt

The license also allows the app-based taxi service operator to advertise on attached radio taxies

App-based taxi service operator BookMyCab today said it has bagged licence from the Delhi government to operate in the NCR region.

The license also allows BookMyCab to advertise on attached radio taxies, the taxi service operator said in a statement.

The development assumes great significance for BookMyCab as the Delhi government has been following a strict vigilance process and scrutiny for granting licences to call taxi service providers and many operators are still awaiting their licence to operate in the national capital.

BookMyCab is already licensed by the government of Maharashtra to provide booking of cabs over phone and portal.

"I would like to thank the Delhi government for granting us permission to operate in this dynamic market and also our investors whose support has been enabling us to expand our footprint in a steady and systematic manner," BookMyCab Founder and CEO Avinash Gupta said.

Over the last six-seven years, the radio taxi sector has witnessed a huge growth. This market is growing at the rate of 15-20 per cent per year and is expected to further grow at 20-25 per cent in the coming years.

BookMyCab has over 5,000 registered cabs operating in various cities across the country.

Since its launch in 2012, BookMyCab has raised funding from YourNest and Mumbai Angels.