OLACABS

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Ever decided to take a weekend holiday from the city, but spent hours finding a car rental? Or taken one on the reference of a friend, only to have the operator leave you stranded in the middle and make you miss an important business meeting? Or did the cab just not show up?

Well 2 alumni from IIT-B  incepted their own venture olacabs in november 2010.The idea was to provide car rental service online in mumbai.For this purpose,they collaborated with around 150 cab agencies all around mumbai.Their mentor and venture capitalst is morpheus and within 3 months of start,they reached a revenue of Rs.1 lakh/month and within 5 months they got the funding of Rs.1 crore fom angel investor.Recently they were awarded best startup by business today.For more information just log in to http://www.olacabs.com/

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