MyTaxiIndia raises $500k from Japan’s taxi company

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Bangalore | Published: August 11, 2015 1:05 AM

MTI has over 4,000 taxis operating across 102 cities

MyTaxi India, the online car rental company, has raised $500,000 as pre-series A funding from Nihon Kotsu, a Japanese taxi service company. The deal was facilitated by GHV accelerator.

The company plans to use fresh funds to scale up operations across the country. The company had raised $100,000 from GHV in June this year.

Co-founded by Anshuman Mihir, Mohit Rajpal and Satyakam Rahul in 2012, MyTaxiIndia (MTI) offers local, inter-city taxi service and package tours. MTI has over 4000 taxis operating across 102 cities.

“MTI has been able to secure this round of funding by one of the oldest companies of Japan. We are lucky that the timing has been just right for us, with the Indian taxi market at its zenith,” Anshuman Mihir, Co-founder of MTI said.

Nihon Kotsu, founded in 1928,  had developed the  “Japan Taxi” app for taxis in Japan.

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