<div class="custm_img_blk"><img src="http://www.techgig.com/files/photo_1337630551_temp.jpg" border="0" align="left" /></div><span style="text-align: left">Serendipity Infolabs</span><span style="text-align: left">, which runs the online taxi booking site TaxiForSure.com, has raised</span><span style="text-align: left">venture capital</span><span style="text-align: left"> funding from Accel Partners, </span><span style="text-align: left">Helion Venture Partners</span><span style="text-align: left"> and </span><span style="text-align: left">Blume Ventures</span><span style="text-align: left">. </span><br /><br /><span style="text-align: left">Though the funding amount is not disclosed, it is in line with angel funding that the company received during its initial days, a company official said. </span><br /><br /><span style="text-align: left">"We will utilise the proceeds to expand our team, especially marketing, along with widening our base to other cities," Aprameya Radhakrishna, co-founder of</span><span style="text-align: left">TaxiForSure.com</span><span style="text-align: left"> told PTI today. </span><br /><br /><span style="text-align: left">He also said the company will expand its base to Mumbai and New Delhi by end of this fiscal. </span><br /><br /><span style="text-align: left">TaxiForSure, started by two IIM-Ahmedabad graduates-- Aprameya Radhakrishna and Raghunandan G, is an aggregator of car rentals and taxis to ensure that customers get an easily accessible, safe, reliable taxi ride. </span><br /><br /><span style="text-align: left">With this deal, Anand Daniel of Accel and </span><span style="text-align: left">Ritesh Banglani</span><span style="text-align: left"> of Helion will join the board of the online venture. </span><br /><br /><span style="text-align: left">Banglani of Helion Advisors said, "our previous investments in Makemytrip and Redbus have shown us the tremendous potential of the online travel industry. We are excited to back TaxiForSure because they are tackling the next frontier in online travel by organising a highly fragmented industry." </span><br /><br /><span style="text-align: left">Daniel of </span><span style="text-align: left">Accel Partners</span><span style="text-align: left"> also said the fund house sees a great deal of opportunity in this space.</span>
<a href='http://techgig.com/tech-news/editors-pick/TaxiForSure-com-raises-funds-from-Accel-Helion-and-Blume-Ventures-12546'>View More</a>
Tech News is a blog created by Wasim Akhtar to deliver Technical news with the latest and greatest in the world of technology. We provide content in the form of articles, videos, and product reviews.
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