Sivasankaran's cab service to roll out in three cities

After the Chennai and Hyderabad markets, serial entrepreneur and former Aircel promoter C Sivasankaran’s taxi aggregator service, UTOO, is set to make inroads into Bengaluru, Mumbai and Pune.

The Chennai-based start-up is competing with taxi aggregator majors Uber and Ola. Billionaire investor Ajay Piramal bought a minor stake in it months after its launch last year.

The development comes at a time when Uber and Ola drivers are protesting falling earnings in Bengaluru, Hyderabad, Ahmedabad and Chandigarh.

Sivasankaran said UTOO had got licence in Bengaluru and it would target a fleet of up to 9,500 cars, with 500 for a start, funded by