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TaxiForSure, a taxi aggregator, has announced a new round of funding led by Accel Partners, a venture capital firms.
The exact amount of funding is not disclosed. However, the US-based venture capital firm normally invests anywhere between $35 million to $50 million in companies at this stage.
Palo Alto, California-based partner Sameer Gandhi, will join the company’s board of directors. TaxiForSure is part of a select list of India-based, Accel-backed consumer brands such as Flipkart, Myntra and BookMyShow.
TaxiForSure has seen 700-per cent growth since August 2013, and surpassed more than two million transactions to date.
The company will launch its services in 25 cities by next year.
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