YatraGenie to invest Rs 50 crore for expansion of taxi services in Karnataka

YatraGenie Services will be investing Rs 50 Crore for rigorous expansion across Karnataka. YatraGenie which is currently available across 40 cities in South India has now expanded its services to Hassan, Mangalore, Manipal, Udupi, and many other cities in Dakshina Kannada district.

As a part of their expansion plan, Yatragenie will hire 500 cab drivers under the Driver Cum Owner model launched by the company in association with Maruti Suzuki Pvt. Ltd. The company will also hire 25 call center executives to set up a YatraGenie call center in Mangalore.

On the occasion, Renil Komitla , CEO, YatraGenie Services Pvt Ltd said “ With this investment we want to rapidly increase our presence in Karnataka. In the first phase, our focus is on Dakshina Kannada and Hassan regions. Continuing with our focus on providing good customer experience in Tier 2 and Tier 3 cities, YatraGenie will be expanding across regions in Karnataka”

In the coming months, YatraGenie aims to launch its services in 17 district headquarters in Karnataka. By the end of 2015, YatraGenie plans to expand to 100 cities, thus making it the fastest growing company in the industry

YatraGenie has raised Series A funding from Ash Bhardwaj, a well known entrepreneur and investor from Silicon valley. The funds raised are being used towards expansion in Karnataka and to increase market base in Telangana and Andhra Pradesh.