Bikxie, the two-wheeler taxi service provider has raised an undisclosed amount of angel round funding from an investment banker from the Middle East, and a businessman based in South India.
The funding will be used towards app development, expanding its services in Haryana and building marketing strategies.
Founded in late 2015 by Mohit Sharma, Divya Kalia and Dennis Ching, Bikxie, offers last-mile connectivity to commuters. Its aim is to ease the daily commute of college students and office goers.
The two-wheeler taxi service provider launched its services in Gurgaon on January 1 2016. It will ply from and to metro stations, bus stops or any other destination.
Bikxie will be available as an app and commuters will also be able to hail the two-wheeler taxis from key locations around the city including malls and universities. Recognizing the potential in this space, Mohit Sharma, Divya Kalia and Dennis Ching co-founded Bikxie, a two wheeler taxi service.
Speaking about the funding, Mohit Sharma said,
“Now we are looking for bigger rounds of funding which will help us scale up faster to become the most preferred brand in the two-wheeler taxi segment,”
The two wheeler taxi segment is seeing lot of development recently. M-Taxi, an on-demand 2-Wheeler taxi service raised seed round funding from the angel investors Mandeep Singh and Jairaj Singh. Baxi, the bike ride-hailing app, has raised Rs 10 crore in funding from a number of high-profile investors.
The trend of sharing economy is gradually catching up in India and one such vertical is bike renting space. It is a highly fragmented and unorganised, but in recent times we are seeing startups coming up to solve this problem.
Low price points, easy accessibility and availability of two-wheelers – from a Honda Activa to a Hayabusa – are making customers look towards rental startups for travel solutions when visiting cities.