TaxiForSure, a Bangalore-based Online taxi services aggregator owned by Serendipity Infolabs, is raising Rs 60 crore in series B round from Bessemer Ventures.
This is the latest in a string of transactions in the country’s burgeoning online cab rental services market over the past 12 months, and is expected to close in the next two weeks.
So far, TaxiForSure has raised a total of about $14 million (. 84.4 crore) in venture funding. Bessemer Venture Partners and Aprameya Radhakrishna, founder and chief executive of TaxiForSure, did not respond to email queries on the developments. Avendus Capital is the investment bank for the transaction.
TaxiForSure, which counts early-stage venture capital firms Accel Partners, Helion Venture Partners and Blume Ventures, among its existing backers, has announced plans to expanding services to 15 cities by 2015.
Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, TaxiForSure, Bangalore, Online Taxi Services, Serendipity Infolabs, Bessemer Ventures, Bessemer Venture Partners, Aprameya Radhakrishna, Avendus Capital, Investment Bank, Accel Partners, Helion Venture Partners, Blume Ventures.