Cabby to enter taxi segment with entertainment services

Image
Press Trust of India New Delhi
Last Updated : Mar 23 2017 | 5:42 PM IST
Gurgaon-based startup Cabby today announced its foray into cab aggregator segment with plans to start operations in Delhi-NCR and Bengaluru.
Besides running cabs in the mass-end segment, Cabby said it will also offer premium service with in-cab entertainment such as beverages, eateries and tablets with internet services.
Cabby Founder Sahil Arora said the company will start operations in the Capital from tomorrow, and its application will be available on Google and Apple app stores from tonight.
"We are also launching our services in Bangalore on April 10 with a bigger audience. After that we are targetting Bombay and Chennai. We will further expand in tier 2 and tier 3 cities," he told reporters here.
Arora, who is just 18 years-old, said the total investment in to the venture is around Rs 10 crore but claimed there were no external investors in the company.
The USD 4 million fund for this venture was raised by selling a previous venture, he said.
Cabby will have a base fare of Rs 37.50 for 5.5 km or 20 minutes of ride, whichever is earlier. It will compete with the likes of Ola and Uber.
Arora claimed that Cabby would also have a fleet of 500 cars driven by women for women riders to ensure safety.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 23 2017 | 5:42 PM IST

Next Story