Business Startups

Noida Based Taxi Rental Startup Hire Me Car Raises Undisclosed Seed Funding from US NRI Investors

hire me car funding

Hire Me Car, India’s pioneer in taxi rental services bagged an undisclosed seed round funding from a group of US-based NRI investors. The investment comes when the transportation industry is reeling under the impact of the Covid-19 induced lockdown in the country. The taxi rental business in India is predominantly unorganized, which opens up massive disruption and eventual consolidation in the market.

“The Indian taxi rental market offers a large socio-economic opportunity for India, with more than 90% of the market falling in an unorganized sector and less than 5 percent of the independent taxi owners, and having access to the technology. We see a high potential for growth in this market.” quoted Pankaj Sharma, Chief Evangelist of Hire Me Car.

The management at Hire Me Car will be pretty happy considering the investment comes in the most devastating period in the decade. This reposes faith in the industry and the unmined potential in the Indian consumer ecosystem. Considering that Hire Me Car’s partners are making lucrative returns, the Noida based taxi rental startup is here to stay. Hire Me Car rides on the ideals and vision for socio-economic transformation in India.
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About the author

Vignesh Iyer

Vignesh Iyer

Vignesh is a football lover, MMA enthusiast who chose journalism as his career. Vignesh loves to write about the latest trends in sports, entertainment, and technology. Vignesh covers the trending topics for Crossover99 in the Indian arena.

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