Online Cab Service Olacab.Com Infused With Funds

Mumbai-based ANI Technologies Pvt. Ltd., which runs the ‘book a cab’ service Olacabs.com, has raised its first round of funding from Anupam Mittal and Angel investor Rehan Yar Khan along with smaller investors.  ANI Technologies will use the funding for product development and targeted marketing. Olacabs.com has 100 cars and plans to increase the number to 1,000 in the next two years, techcircle.in reported.

olacabs

Olacab.com is a online cab booking and car rental service which directly competes with offline radio taxi services such as Meru Cabs and Easy Cabs.

How to book a cab on Olacabs.com

  • You have to go to the website and enter required details like city, date, pickup time and duration of the journey.
  • You have to instantly pay 20% of the total amount online on Olacabs.com. For this it has partnered with EBS, a payment gateway provider.
  • It accepts payments through Credit Cards, Debit Cards, Net Banking and Cash Cards.
  • After your payment is confirmed, you immediately get a confirmation email and an SMS with your order details.

The startup is modelled on the lines of Uber (formerly Uber Cabs), a San Francisco-based startup. Olacabs.com caters to both corporates and individuals.

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