Wiwigo Technologies Pvt Ltd a Delhi based Inter-city taxi service provider has raised Rs 4 crore from IAN- Indian Angel Network with two high net worth individuals. IAN investors Harsh Chitale and Priyank Shankar Garg led this round and Priyank will join Wiwigo’s board.
Wiwigo was founded in 2014 by Sunial Chuala and Nilesh Pawaskar. It is an online platform for intercity travel by cab, offering roundtrip and multi-city travel bookings. It accepts bookings for both sides which reduces the fare for one way journey by almost half the price. It offers door to door time efficient and price competitive alternative. Entire process has an automated workflow including vendor bidding, customer booking, driver selection, car tracking, car conformation, journey alerts & customer feedback.
It offers services in more than 40 cities in India which includes Bangalore, Pune and Delhi. With 5,000 cabs on its platform it claims to serve around 25,000 customers till date. The funds will be used to expand its operations in more than 100 cities by the end of 2016.
Sunil Chaula, founder & CEO at Wiwigo said
“We aggregate demand on the either cities of a route and provide back-to-back bookings to our fleet, bringing down the cost to customer by up to 50%. The inter-city taxi market is 90% unorganised, and dominated by offline agents, and we aim to standardise it while adding value to the customers. With the growing number of drivers and vehicles, we shall be able to introduce Power Smart Pricing for customers in near future. This would enable further saving of 20% for the customers.”
Other cab aggregators in this segment include GetMeCab, Meru, Savaari and Roder. In January 2016, Roder raised around $250k in a seed round funding from Unicorn India Ventures.