Online Travel

One Way Cab Receives $450,000 (Rs 3 crore) Investment from IAN

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There are scores of people who travel within and outside the city every day. Most of them book a cab online. There are innumerable online taxi service providers such as Ola, Uber, Meru Cabs, Easy Cabs, today who cater to the needs of the commuters. In India most of the cab operators in this unorganized online travel sector also include the return fare even if you are travelling one way. Most of them charge you for a two-way journey even if you are travelling one way, intercity.

What is One Way Cab?

One Way Cab stands out amongst the rest of the cab service providers as it believes that commuters should not pay for return journey when they are travelling one-way inter-city /outstation. Their tagline ‘Return Fare, Not Fair’ speaks volumes about the kind of approach they have towards making the life of the commuters simpler. They provide discounted AC Taxis for your one-way travel. This is one of its kind online travelling service which doesn’t burn a hole in your pocket.

Their success can be assessed going by the number of satisfied customers who vouch for their services. There are over 24,000 customers who have laid their trust with their travel. They are also the preferred cab providers for: GE, L&T, Radio Mirchi, Bajaj Allianz and others. Their services and cabs adhere to services standard laid out by these companies. They have now launched their Android & iPhone App to provide their customers superior cab booking experience.

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Why Choose One Way Cab?

  • Instant Booking & Confirmation
  • Assured Cab: On-Time
  • Zero Cancellation Charge
  • Automatic Bill / Invoice
  • 24×7 IT enabled Call Center to help you
  • Fixed Charge, No Extra KMs Charge
  • Dedicated Cab just for you
  • Pick-up from your house Drop to your desired destination
  • Online Booking & Multiple Payment Option:
  • Credit Card
  • Net Banking
  • Pay Cash at the end of trip

Meet the Founders

The company founded in 2015 is the brain child of Vivek Kejriwal, Devang Sanghvi and Pankaj Gandhi, who is also a co-founder of Chartered Cabs. It currently covers at least 100 one-way routes from Ahmedabad, Rajkot, Udaipur, Jaipur, Vadodara, Surat, Mumbai, Nashik and Pune. They provide instant confirmation on these routes.

Funding & Revenue

Gujarat-based taxi service OneWay.Cab has raised $450,000 (Rs 3 crore) from Indian Angel Network (IAN) for expansion, technology upgradation and hiring.  This development also sees the lead IAN investors, Ajay Gupta, head of strategy and marketing at Ericson India, joining the company’s board.

According to market estimate, India’s taxi market size is estimated at $10-12 billion, of which 65% is for outstation or inter-city travel. This is a potential market which OneWay.Cab is looking forward to capitalize on. It is dreaming big and is targeting to occupy $2-3 billion of the outstation market pie.

“After been funded, we expect to accelerate our growth in excess of 45-55% month-on-month” said Sanghvi, chief operating officer of OneWay.Cab to The Economic Times. The company has a customer base of more than 30,000 passengers and gets about half of its bookings from Gujarat and 40% from Maharashtra. It is expecting an annual revenue of $1million based on present business.

The prime contributing factor to higher market size is the high booking value of OneWay.cab and outstation trips as compared to intra-city rides which is approx. Rs. 100-200 in Category B cities. Inter-city car rental is mostly unorganized and fragmented as compared to intra-city space.

Capitalizing on Going Digital in Travel Industry

“Digitalization is transforming all industries and we have seen the impact of digital in intra-city travel,” said Gupta, the IAN investor inducted into OneWay Cab’s board. “Inter-city taxi (service) is a much larger market in India and it requires a very different mindset, organization and technology than intra-city. OneWay.Cab is best positioned in this space to tap the market,” to The Economic Times.

Upsurge in Online Travelling Agencies

Experts are of the opinion that online travel agencies are adopting new policies, technologies in order to shape a new face to the industry.  Constant innovation in travel bookings is a crucial factor that has changed the online travel market. Travel portals offering various offers on travel packages including the bookings of tickets for airline, hotel, car, bus etc. and customized travel solutions to attract more customers is indicative of this fact.

The industry is witnessing growth both in terms of value and volume based on the financial package and personalized deals offered by online travel companies. The industry is also seeing an increased competition amongst agencies which can be viewed as positive and beneficial for the customers.

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