Amritsar Friends Start Outstation Taxi Service, Clock ₹15 Cr
In a heartwarming story of entrepreneurial spirit, three friends from Amritsar, Ripul Aggarwal, Akshay Bhasin, and Vaibhav Mahajan, embarked on a journey to revolutionize the way people travel. Trouble with local transportation sparked the idea, and over the years, their startup, TaxiBazaar, has grown to become a leading outstation taxi provider, clocking an impressive annual turnover of ₹15 crore in FY24.
The idea for TaxiBazaar was born in 2017 over a cup of tea. The three friends, all in their mid-twenties, were struggling to find reliable and affordable transportation to travel to nearby cities. They were tired of the hassle and uncertainty that came with booking cabs through local operators. “We were frustrated with the experience of booking taxis in Amritsar,” said Ripul Aggarwal, one of the co-founders. “We wanted to create a platform that would provide a secure and convenient way for people to travel outstation.”
After months of brainstorming and planning, the friends finally launched TaxiBazaar in 2018. The initial focus was on providing a user-friendly platform that would connect passengers with verified taxi operators. The startup’s mission was to make travel easy, affordable, and hassle-free. “We wanted to create a platform that would cater to the needs of both domestic and international travelers,” said Akshay Bhasin, another co-founder.
TaxiBazaar’s unique selling proposition (USP) lies in its extensive network of verified taxi operators and drivers. The platform has a presence in over 1000 Indian cities and 50+ countries, making it one of the largest outstation taxi providers in the country. The startup has also developed a robust technology platform that ensures seamless booking and payment processes.
In its early days, TaxiBazaar faced stiff competition from established players in the market. However, the startup’s focus on customer service and commitment to quality helped it stand out from the crowd. “We’ve always believed that customer satisfaction is key to our success,” said Vaibhav Mahajan, the third co-founder. “We’ve built a reputation for providing reliable and affordable transportation, and our customers appreciate that.”
Today, TaxiBazaar receives over 2 lakh bookings annually, both nationally and internationally. The startup has grown its network of taxi operators and drivers significantly, and its revenue has increased manifold. The annual turnover of ₹15 crore in FY24 is a testament to the startup’s success.
TaxiBazaar’s growth has also created employment opportunities for hundreds of people. The startup has a dedicated team of customer support executives, marketing professionals, and technology experts who work together to ensure the smooth functioning of the platform.
The startup’s success has not gone unnoticed. TaxiBazaar has received several awards and recognition for its innovative approach to the taxi industry. The startup has also partnered with several travel companies and tour operators to offer bundled travel solutions to customers.
In conclusion, the story of TaxiBazaar is a shining example of entrepreneurial spirit and innovation. From its humble beginnings in Amritsar to its current status as a leading outstation taxi provider, the startup has come a long way. With its commitment to customer satisfaction, quality services, and technology-driven platform, TaxiBazaar is well-positioned for continued growth and success.
