Bookmycab in talks with VC Firms to raise upto Rs 40 crore

Posted by on Mar 7, 2014 in Biz News, Funding | 0 comments

Bookmycab in talks with VC Firms to raise upto Rs 40 crore

LiveMinds Solutions, which owns and operates radio taxi booking service www.bookmycab.com , is scouting for fresh capital, and has entered into talks with a number of venture capital firms, a development that highlights the continuing interest of risk capital in the broader taxi and car rental space. The company is in talks to raise equity-linked funding of up to Rs 40 crore, and expects to close a potential transaction by April later this year, according Avinash Gupta, chief executive, LiveMinds Solutions. Mumbai-based investment bank Elara Capital has been appointed to run the...

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Savaari raises Series B funding led by Intel Capital with participation from Inventus – emerges as India’s largest location-based car rental company

Posted by on Nov 12, 2013 in Biz News | 0 comments

Savaari raises Series B funding led by Intel Capital with participation from Inventus – emerges as India’s largest location-based car rental company

Bangalore 24 October 2013: Savaari Car Rentals, India’s leading online taxi aggregator, today announced raising its second round of funding of an undisclosed amount from Intel Capital and existing investor Inventus Capital. Savaari Car Rentals will utilize the fund for its expansion plans, besides managing and deploying advanced technology in serving customers better. Speaking on the second round of funding, Gaurav Aggarwal, Founder and CEO of Savaari Car Rentals, in a statement said, “This infusion of funds will be used for market and team expansion, besides providing value-added...

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