Serendipity Infolabs Pvt. Ltd., the company behind India’s leading online cab aggregation service Taxi For Sure, has closed a financing round led by Bessemer Venture Partners with participation from its existing investors Accel Partners, Helion Venture Partners and Blume Ventures.
This round of financing will help the company strengthen its leadership position in cities that it is currently present in and also expand to 20 new cities. Taxi For Sure is recognized as one of the fastest growing online services companies in the country. It has scaled up in a highly capital-efficient manner and boasts of strong back-end technology and analytics capabilities. The company is currently clocking over 4,500 transactions per day.
Avendus Capital was the sole financial advisor for this transaction.
About Serendipity Infolabs Pvt. Ltd. (Taxi For Sure) | Bessemer Venture Partners (BVP)
TaxiForSure started operations in 2011 and is today India’s leading online cab aggregation company. It works with various taxi fleet operators and enables them with technology to ensure that customers get reliable services. It currently operates services in Bangalore, Delhi and Chennai. Customers can book taxis for point-to-point hires, local packages and outstation and airport transfer taxis across various car types. The company has delivered over 1 million rides to a customer base of over 300,000. Company’s existing investors include Accel Partners (www.accel.com), Helion Venture Partners (www.helonvc.com) and Blume Ventures (www.blumeventures.com).
With $4.0 billion under active management, Bessemer Venture Partners is a global venture capital firm with offices in Silicon Valley, Boston, New York, Mumbai, Bangalore and Israel. Bessemer delivers a broad platform in venture capital spanning industries, geographies, and stages of company growth. From Staples to Skype, VeriSign to Yelp, LinkedIn to Pinterest, BVP has helped incubate and support companies that have anchored significant shifts in the economy. More than 100 BVP-funded companies have gone public on exchanges in North America, Europe, and Asia. See www.bvp.com or follow BVP on Twitter: @bessemervp
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