Prakash Sikaria (L) and NV Subramanian were tired of Mumbai’s traffic jams so they pooled in their savings to start Sharedcab — a service to reduce commuters’ travel woes. Anyone can avail a weekly or monthly subscription by simply calling their helpline or filling up an online form.
A backend system processes the requests to find common routes and generates pools. The charges depend on the distance and payment can be made online. The company has tied up with a mix of taxi companies (fleets and cool cabs) to provide quality service at affordable rates, which is possible with car-pooling.
The founders say that the response is encouraging and within three months of operations, it is already handling over 100 rides a day. Sharedcab has received funding of about Rs 5 crore from PE investors, which will be used to grow the business.
While the services are limited to Mumbai, the company plans to expand to other metros as well.