TaxiForSure.com, taxi-aggregators in India, has raised a second round of funding led by Bessemer Venture Partners, a venture capital firm.
Accel Partners, Helion Venture Partners and Blume Ventures, who are existing investors in TaxiForSure, have also participated in the financing.
The fresh capital worth $10 million comes less than a year after the company raised the first round of funds and puts the total investment received at $15 million. The funds will be used by the company to expand to 20 new cities in the next 18 months.
Raghunandan G, Co-founder and CEO of TaxiForSure, said “Having turned profitable in Bangalore, where we started operations, and having taken our services to Chennai and NCR, we feel the time is right to aim for the next phase of expansion. We believe Bessemer along with Accel, Helion and Blume, our existing investors, will help propel us to the frontline of the taxi-aggregation space in India.”