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Funding · Mobility & Logistics

Taxina raises ₹25 crore at Pre-Series A stage to expand across India and internationally

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Date
Company
Taxina
What it does
ride-hailing platform for drivers in smaller cities
Kind
Funding
Amount
Undisclosed
Stage
Pre-Series A
Based in
Salem
Sector
Mobility & Logistics

What they do

Taxina is a ride-hailing platform that focuses on drivers in smaller Indian cities like Salem and Madurai, treating them as business owners rather than gig…

What happened

The company raised ₹25 crore in its Pre-Series A funding round, which it will use to expand its operations across 50 districts in India and enter…

Why it matters

Taxina has onboarded 60,000 drivers and facilitates 1.5 lakh rides per month, operating in 12+ cities in Tamil Nadu with a model designed for replication

The details

  • Taxina is a ride-hailing platform that focuses on drivers in smaller Indian cities, treating them as business owners rather than gig workers.
  • The company was founded by Pinku B, who previously spent two decades building and running a software company in the United States.
  • Taxina's pilot began in Salem, Tamil Nadu, a city not known for its tech scene, to test its model in markets often overlooked by investors.
  • The platform provides drivers with training in customer service, vehicle maintenance, and financial management, helping them grow their operations.
  • Taxina has facilitated insurance coverage and loan access for thousands of drivers, many of whom had previously relied on informal moneylenders.
  • The company has secured ₹25 crore in its Pre-Series A funding round, with plans to expand to 50 districts in India and enter international markets.
  • Taxina's model emphasizes building trust through local partnerships rather than brand campaigns, keeping customer acquisition costs low.

The bigger picture

  • Taxina's focus on Tier-2 and Tier-3 cities addresses a gap in India's ride-hailing industry, where most attention has been on metro cities.
  • The company's approach to treating drivers as business owners differentiates it from traditional ride-hailing platforms that rely on commission-heavy models.
  • Taxina's expansion plans include both national and international markets, positioning it as a white-label technology provider for mobility businesses.
  • The company's success in Salem, a city not known for its tech scene, demonstrates the scalability of its model.

About the business

  • Taxina operates a ride-hailing platform that connects drivers with passengers in smaller Indian cities.
  • The platform provides drivers with training in customer service, vehicle maintenance, and financial management to help them grow their operations.
  • Taxina facilitates access to insurance and loans for drivers, many of whom had previously relied on informal moneylenders.
  • The company has onboarded 60,000 drivers and facilitates 1.5 lakh rides per month.
  • Taxina operates in 12+ cities in Tamil Nadu and has a model designed for replication across geographies.

What happens next

  • Taxina plans to expand to 50 districts across India within the next few years.
  • The company also aims to enter international markets like the UK and Australia as a white-label technology provider for mobility businesses.

The deal

Type
funding

Founders

  • Pinku B, Founder

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