Cabs have become a way of life for everyone around. Everyone of us at one point or other has used a cab, and we completely understand that it gives us the ease of travel. Understanding this very well, one startup that is all set to become the one stop destination for local and outstation travel is CabBazar.
CabBazar is an online cab aggregator committed to integrate local and outstation travel with their real time mobile platform. Started with an idea to provide hassle free travel, CabBazar ensures reliability, quick service and convenience all at a single digital platform for ease of their customers.
Taxi providers currently charge two way fare for an outstation cab even if you want to travel one way, but with CabBazar’s meticulous research Taxi providers are ready for one-way fare as they are getting another customer for return. You will also be assured to get cheapest price for your journey since they have a big pool of taxi service providers, waiting to serve you best in least price. And for the cab drivers, no more off-season, no more idle cabs. because CabBazar lets you get all your cabs earning for you throughout the year by providing top class service and least price to customers at CabBazar.
Based out of Gurgaon and founded in the year 2017, CabBazar is the brainchild of Amit Dhall. Amit is B.E. (Electronics & Communication) from M.D.U., Rohtak in 2001 and has done PGDBA (Operations) from Symbiosis Center for Distance Learning, Pune in 2004. Amit has for over 16 years in IT industry in various capacity / roles, multiple domains and various technologies.
The USP of CabBazar is its highly scalable model having minimal operational cost and a continuously growing Partner base. The technical platform takes care that human intervention is only required for support in some special cases otherwise system works on its own, reducing the operation cost to a large extent which makes them very scalable. Hence, CabBazar’s policies for partners encourage more and more taxi providers to partner with them. This does not mean freebies because they don’t believe freebies but at the same time they do not hold payments of partners for any period reconciliation, which partners find very fare and useful.
As per Ministry of Tourism 2016 statistics, number of foreign tourist arrivals in India is 8.8 million growing annually at 9.7% and number of domestic tourist visits is 1613 million growing annually by 12.7%. According to the report, in 2018 will have 10.5 million foreign and 2048 million domestic tourists. These are potential travelers from tourism alone. There are equally big number of business and other travelers. So, the market size for outstation taxi business seems quite promising and growing and it will lead to something bigger.
As part of their future strategy, they are going by locations and popular routes and are working primarily to capture the Delhi-NCR market and all tourist places and business centers of northern India. Additionally, they will be targeting the most popular tourist and business routes across India. After that they will target all tier 2 cities state by state. They are expected to grow 50% QoQ in FY2018-19 and 40% YoY after that.
The future looks very promising for the startup, only time will tell how indelible the marks created by CabBazar will be.