Chennai-based mobility solutions startup, Taxi’na, has announced a significant milestone with the successful closure of its latest funding round. The company raised INR 1.5 crore from Navyug Global Ventures, marking a major step towards revolutionizing India’s ride-hailing landscape.
A New Kind of Subscription Model
Founded by Pinku Bharathi, Taxi’na is out to change the ride-hailing landscape with a sustainable and driver-centric approach. They are different with their zero-commission model where drivers get 100% of their earnings. Unlike traditional commission based models where drivers don’t know how much they will take home daily, Taxi’na offers a franchise like subscription model. Drivers pay a fixed monthly fee and get unlimited access to the platform and technology without any hidden deductions or surprise charges.
This model removes the stress and uncertainty associated with fluctuating commissions and empowers drivers to focus on service. Taxi’na’s approach gives financial security and clarity to drivers and encourages entrepreneurship and a healthy transparent relationship between drivers and passengers.
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Strong Presence and Growth
Operating in Chennai, Salem, Tiruppur, Erode and Coimbatore, Taxi’na has already onboarded 45,000+ drivers and serves 75,000+ passengers. The company has an LOI (Letter of Intent) to operate auto services in Chennai which further strengthens their market presence.
For passengers Taxi’na promises a stress-free and transparent experience. With clear pricing, vehicle details, estimated time of arrival and complete driver information, the platform ensures passengers know what to expect. This transparency breeds respect and trust and makes the ride-hailing experience more relaxed and reliable.
Backing from Navyug Global Ventures
Navyug Global Ventures, led by Managing Director and CEO Nikhil Chandan, invests in next-gen businesses especially in sustainable transportation systems, auto finance and electric mobility. The investment in Taxi’na will help accelerate the company’s efforts to bridge the tech and digital divide in the ride-hailing industry.Speaking on the occasion Mr. Nikhil Chandan said about Taxi’na’s model and their commitment to fairness and transparency. He believes in the leadership team of Pinku Bharathi, Vel Murugan, Bharath and Subha to drive innovation and create a user friendly and efficient platform.
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Looking Ahead
Pinku Bharathi, Co-Founder and Managing Director of Taxi’na said the ride-hailing industry in India is at a critical juncture. He believes that solving drivers’ problems will solve passengers’ problems. “When drivers are financially secure and stress free they can provide good service. Passengers then have safe and respectful rides,” he said.
With this funding Taxi’na will scale up and develop its tech ecosystem. The partnership with Navyug Global Ventures is seen as a strategic tie up to help the company expand across India and even globally.
Taxi’na’s latest funding from Navyug Global Ventures marks the beginning of a new chapter in India’s ride-hailing industry. With a transparent, sustainable, and driver-friendly model, the company is set to redefine industry standards and create an ecosystem that empowers micro-entrepreneurs while offering passengers a reliable and fair service.