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.
30 June 2025
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