Two Wheeler Taxi Service Provider, Bikxie, Raises Angel Funding

Two wheeler taxi service provider, Bikxie, which recently launched its services in Gurgaon, has reportedly raised an undisclosed amount of angel round funding from an investment banker from the Middle East, and a businessman based in South India.

The raised funds will be utilised in app development, expansion of services in Haryana and building marketing strategies.

Founded in late 2015 by Mohit Sharma, Divya Kalia and Dennis Ching, Bikxie, offers last-mile connectivity to commuters. Its aim is to ease the daily commute of college students and office goers.

“Now we are looking for bigger rounds of funding which will help us scale up faster to become the most preferred brand in the two-wheeler taxi segment,” said Mohit Sharma.

Prior to this, Bikxie had raised seed funding from individual investment bankers.

In the bike-taxi segment, a lot of development has been seen recently. Besides Bikxie, Gurgaon-based 74 BC Technologies Pvt Ltd, which launched its bike-as-a-taxi service under the brand name “Baxi”, raised about $1.5 Mn (INR 10 Cr.) in a seed round funding. Meanwhile another player, Ace Fenders Travels Pvt Ltd, which runs the M-Taxi app, grabbed investment from angel investors Mandeep Singh and Jairaj Singh.

Two wheeler taxi services are already popular in many countries across the world, like New York, London, Paris, Indonesia, Thailand, Nigeria & Uganda.

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