ah! Ventures invests undisclosed sum in AHA Taxis

Noida-based online outstation taxi aggregator, AHA Taxis has raised an undisclosed amount in Pre-Series A funding from ah! Ventures and Lead Angels Network.

The company will deploy raised funding to expand its network to newer geographies, and further strengthen the operations and service offering to customers.

AHA Taxis was founded in April 2015 by Amit Grover, Praveen Samariya, Kunal Krishna, Kumar Arayan and Shivam Mishra. The startup eases inter-city travel by offering convenient and affordable price, enable a user to save 40-50% on outstation taxis in over 350 cities across India.

Amit Grover, founder of AHA Taxis said, “Three years back, we set out to solve a uniquely Indian problem of affordable and available outstation taxis. I am proud to have built a solution which caters to thousands of customers and drivers every day. Our investors’ show of confidence in our approach, despite the presence of biggies like Ola/Uber, is a big positive.”

In 2015, AHA Taxi had raised an undisclosed amount in seed funding from ah! Ventures platform. Its taxi network today covers far-flung areas including Haldwani, Kasol, Kharagpur, Rameswaram, Somnath apart from all metros. “Since its seed round, the company has grown over 10X to 1,000 cities and 10,000 routes. Besides, despite the immense competition through applications such as Ola and Uber, AHA Taxi has created their own space and doing consistently well in maintaining the set standards and providing satisfaction to their customers,” said Harshad Lahoti, founding partner and CEO of ah! Ventures.

AHA Taxi network today covers far-flung areas including Haldwani, Kasol, Kharagpur, Rameswaram, Somnath apart from all metros. The startup has developed key technologies for automatic driver allocation, auto-pricing, vehicle tracking, number masking and all of this has been done by its in-house technology team.

“The estimated $12B market of inter-city taxi services market has seen many causalities, however, with their focus on unit economics and frugal operations AHA Taxi has ensured its place in this high potential market”, commented Sushanto Mitra, Founder Lead Angels Network.

Traditionally, inter-city taxi operators charge a return fare from customers even for one-way trips, as they are not assured of passengers on the return journey. AHA Taxis addresses the issue of double fare charges for outstation taxi travel by integrating technology, marketing and operational efficiency.