Prior to his latest venture, he had co-founded TaxiForSure in 2010 and sold it to Ola Cabs for $200 million in 2015. Till date, he has invested in a number of breakthrough startups like Unacademy, DailyNinja, m.Paani and The Ken. Sachin Bansal

It was sold to Myntra in November 2012, only to be bought back again by the Founders in June 2013. Then in further February 2015 it was sold to Snapdeal in an all stock deal. Read More. Ola Shuts Down TaxiForSure Operations. Ola has shut down the operations of TaxiForSure, its former rival firm which it had acquired in 2015.

Ola acquires TaxiForSure for $200 million. Ola (formerly Olacabs), the mobile app for personal transportation has announced that it has acquired TaxiForSure for $200 mn in a cash Experts are of the view that Taxi-ForSure had to sell out due to shortage of working capital. Both Ola and Uber offered to buy out TaxiForSure, even as the company made a last-minute attempt to raise about $60 million of fresh funding. It acquired its competitor TaxiForSure (TFS) for US$200 million (INR 12.8 billion) (The Financial Express 2015). Toeing Flipkartís initial strategy of retaining Myntra, Ola declared that TaxiForSure would continue as a separate entity. Radhakrishna and Raghunandan sold TaxiForSure in March after struggling to raise additional capital to fund its business. The merger was also the first major consolidation of the fledgling app-based car aggregator business in India as competition intensified in the country.

Taxiforsure sold

Prior to Koo, its parent company — Bombinate Technologies Pvt Ltd — launched and is operating the Indian version of Quora called Vokal. Zolve was established by second-time founder Raghunandan G, who sold his ride-hailing firm TaxiForSure to Ola for $200 million, and has already amassed 5k customers. Meanwhile, Zomentum has raised $13 Mn in Series A funding from Accel, Elevation Capital, Greenoaks Capital, and Eight Roads Ventures, banking on the shining future of sales tech platforms. Soft-spoken and studious, Radhakrishna is a serial entrepreneur: in 2015, he sold his first company, a ride-sharing app called TaxiForSure, to local giant Ola for $200 million. His latest venture is an app called Koo, a microblogging platform similar to Twitter but for local-language speakers in India, a country with more than 20 languages and over 700 dialects. What is the Koo app? Koo is the latest micro-blogging platform in India and it is promoted as the best alternative to Twitter for Indian users in support of Atma Nirbhar Bharat.

Radhakrishna and Raghunandan sold TaxiForSure in March after struggling to raise additional capital to fund its business. The merger was also the first major consolidation of the fledgling app-based car aggregator business in India as competition intensified in the country.

Before his new company, he co-founded TaxiForSure in 2010 and sold it to Ola Cabs for $200 million in 2015. Till the day, he’s participated in a variety of breakthrough startups and is on the top of the angel investors list. Taxiforsure Founder invests in Vyomo This is less than a month after his last day at TaxiForSure, the cab aggregator he and Raghunandan G sold to bigger rival Ola for a neat $200 million (Rs 1,200 From founding TaxiForSure to working for the next billion, – Aprameya Radhakrishna has been asked this question since 2015 when he and co-founder Raghunandan G sold TaxiForSure to rival Ola. 2021-02-10 · Prior to this, Radhakrishna had founded online cab booking service TaxiForSure, which was sold to Ola Cabs. To make it easier for the Indian audience, Koo has added support for regional languages such as Hindi, Bengali, Odia, Telugu, Kannada, Tamil, Malayalam, Gujarati, Marathi, Punjabi and Assamese.

TaxiForSure is the marketplace to find taxis in India! Founded in June 2011 by NIT-K and IIM-A alumni Aprameya Radhakrishna and Raghunandan G and

Even as all this was happening, on the morning of 28 January, The Times of India ran a story, citing people it didn’t name, that Ola Cabs would acquire TaxiForSure. For $200-250 million. 2021-02-16 2021-02-17 Raghunandan, an angel investor to more than 40 startups, sold its first venture TaxiForSure to Ola Cabs in 2015 for $200 million. 2015-03-02 2015-03-02 Before starting Zolve, Raghunandan founded TaxiForSure, a ride-hailing firm, that he later sold to Ola for $200 million. Image Credits: Zolve Raghunandan acknowledged that a handful of other 2021-03-01 This is less than a fortnight after his last day at TaxiForSure, the cab aggregator he and Aprameya Radhakrishna sold to bigger rival Ola. The easier role of a mentor is not for him. Though he has made a few angel investments, the 33-year-old believes "getting … TaxiForSure is here to simplify your daily need of a ride to office, movies or shopping.

For $200-250 million. He would start by saying that in the three-and-a-half year journey of TaxiForSure (TFS), he had never thought that a day like this would ever come. TFS was sold to Ola Cabs.
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Raghunandan, an angel investor to more than 40 startups, sold its first venture TaxiForSure to Ola Cabs in 2015 for $200 million. 2015-03-02 · Jon Russell @jonrussell / 6 years. Ola, the SoftBank-backed competitor to Uber, has dished out $200 million to buy smaller rival TaxiForSure in what looks like being the first of a number of 2015-03-02 · In the very first sign of consolidation in India’s cab-summoning app space, India’s largest cab hire service, Ola, acquired its nearest competitor TaxiForSure for $200 million, in a cash and There have been allegations over having investors from a Chinese company and the data leaking concerns.

Taxiforsure is another taxi aggregator launches taxi service rapidly across Serendipity Infolabs (TaxiForSure.com)MDI, Gurgaon Specialties: Experienced at managing regional operations/ sales, Leading & Developing Teams, Key 15 Jul 2015 At the start of 2015, the three-year-old Bengaluru company was acquired by rival Ola Cabs for $200 million.
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Radhakrishna’s move comes less than a month after his last day at TaxiForSure, the company he and Raghunandan G sold to rival Ola for $200 million.

After weeks of rumors, finally, today Ola has announced that it has acquired TaxiForSure, for $200 mn in a cash and equity deal. This is biggest consolidation in the Indian tech-based cab booking PDF | On Mar 1, 2020, T. Sai Vijay and others published Ola Acquired TaxiForSure: Post-takeover Dilemma | Find, read and cite all the research you need on ResearchGate 2020-05-10 Radhakrishna and Raghunandan sold TaxiForSure in March after struggling to raise additional capital to fund its business. The merger was also the first major consolidation of the fledgling app-based car aggregator business in India as competition intensified in the country.

"There is obviously increased acceptance," said Raghunandan G, co-founder of TaxiForSure, which was sold to rival Ola this year. He is now investing in others' early stage ventures.

The merger was also the first major consolidation of the fledgling app-based car aggregator business in India as competition intensified in the country. 2015-07-15 And just like that, TFS was sold to Ola Cabs. This is the story of two entrepreneurs who set out to build a big business (after a drunken night at the Tavern pub), couldn’t, and so cashed out At the same time, the company’s losses have widened from Rs 34.21 crore (Rs 342 million) in 2013-14 to Rs 796 crore (Rs 7.96 billion) in 2014-15. The 2015-16 results are yet to be disclosed In March 2015, Ola Cabs acquired Bengaluru -based taxi service TaxiForSure for approximately ₹ 1237 crore (US$ 200 million). June 2015 onwards, Ola users gained access to TFS cabs via the Ola mobile application. Later in the year in November, Ola further acquired Geotagg, a trip-planning applications company, for an undisclosed sum.

After exiting the venture, Radhakrishna is now an angel Even as all this was happening, on the morning of 28 January, The Times of India ran a story, citing people it didn’t name, that Ola Cabs would acquire TaxiForSure. For $200-250 million. He would start by saying that in the three-and-a-half year journey of TaxiForSure (TFS), he had never thought that a day like this would ever come. TFS was sold to Ola Cabs. In March 2015, Ola Cabs acquired Bengaluru -based taxi service TaxiForSure for approximately ₹ 1237 crore (US$ 200 million). June 2015 onwards, Ola users gained access to TFS cabs via the Ola mobile application.