Bike-taxi startup Bikxie raises Rs 2 crore in funding from GEMS partners

作者:SHERRY    發表日期:2018-07-21 04:00:19

Gurgaon-based bike-taxi aggregation startup Bikxie has raised an investment of about Rs 2 crore from GEMS Partners and Sachin Khandelwal, former ICICI Bank Vehicle Loans Head.

Bikxie operates bike taxis and competes with bigger players such as Ola Bikes and UberMOTO in Delhi-NCR.

"The fresh capital from GEMs will help us to scale up quickly within the NCR market and also expand to other cities," said Mohit Sharma, co-founder, and CEO, Bikxie.

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The funds will be utilised in upgrading technology infrastructure, pushing internal growth, consolidation, and expansion of operations to other cities, the company said.

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Aditya Gupta, GEMS Partner said, "The fact that the concept validation is proved with assets already operating at profitable margins along with the founders' experience and commitment played a huge part in our decision making."

Bikxie was founded by ex-ICICI Bank executive Mohit Sharma along with Divya Kalia Sharma and Dennis Ching in 2015. Currently, the company's services are available in Gurgaon and Faridabad.


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