Wiwigo is an online platform to search, compare and book outstation one-way and round-trip cabs. Through their scale and network, they are able to provide one-way taxi rental upto 50% lower than other vendors who charge for round-trip even for a drop. You can compare different cab rentals on their feedback rating on driver, cabs and agency quality. They intend to organize the fragmented taxi industry under our platform to provide transparent services to all.
As per the latest information, Wiwigo.com,has raised Rs 4 crore funding from Indian Angel Network (IAN). The site is an online platform for intercity travel by cab -addressing the expensive the one-way trip problem.
The intercity car rental market in India is approximately $9 billion and it’s growing at 12% CAGR. Around 90% of this market is unorganized and highly fragmented. As per the Ministry of Transport figures, estimated inter-state passenger taxi revenue was around $3.5 billion in 2012.
The funds raised from IAN will hen expand its operations to over 100+ cities by the end of current year, making it one of the fastest growing companies. IAN Investors, Priyank Shankar Garg and Harsh Chitale have led the funding round. Priyank Shankar Garg will join the board of Wiwigo to mentor the team for fast growth. The model looks to help passengers save almost 45% of current fares across 40 cities.