{"id":5565,"date":"2016-07-13T13:46:39","date_gmt":"2016-07-13T08:16:39","guid":{"rendered":"http:\/\/www.ishwark6.sg-host.com\/?p=5565"},"modified":"2016-07-13T13:47:25","modified_gmt":"2016-07-13T08:17:25","slug":"billionaire-businessman-ajay-piramal-invests-cab-aggregator-utoo","status":"publish","type":"post","link":"http:\/\/startup-buzz.com\/?p=5565","title":{"rendered":"Billionaire Businessman Ajay Piramal Invests in Cab Aggregator Utoo"},"content":{"rendered":"<blockquote class=\"modern-quote full\">\n<p style=\"text-align: center;\"><strong>A Great Deal for Utoo!<\/strong><\/p>\n<\/blockquote>\n<p><strong>About the investment<\/strong><\/p>\n<p>Who doesn\u2019t know Ajay Piramal? He is a reputed industrialist and social entrepreneur. Recently, he bought a marginal stake in Chennai-based taxi hailing startup, <a href=\"http:\/\/www.utoorides.com\/\">Utoo<\/a>. The investment is made through Piramal Group\u2019s private company, Alpex Corporate Services. Seems that, Mr. Piramal is in a mood to encourage and boost the Indian startup ecosystem. However, the stake amount remains undisclosed.<\/p>\n<p><strong>A short brief on Utoo<\/strong><\/p>\n<p>Founded in 2016, Utoo is in a soft launch phase. Similar to other cab aggregator services, it facilitates cab bookings through a dedicated app or over calls and text messages. Utoo is all about offering premium taxi service in Chennai. It proves to be a great comeback business for serial entrepreneur C Sivasankaran. What differentiate Utoo from other cab aggregators are its no hatchback vehicles since they are perceived as uncomfortable means of transportation and no surge pricing for passengers.<\/p>\n<p><iframe src=\"https:\/\/www.youtube.com\/embed\/fd5tnpXMvOc\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><br \/>\n<strong>Future Plans of Utoo<\/strong><\/p>\n<p>The startup has plans to take over Ola and Uber soon. Also, it looks forward expand its services to 8 cities in India. Now, Siva awaits the Series A funding round for Utoo. The taxi segment is huge in India and still continues to grow. Siva expects Utoo to value $7 billion by 2020.<\/p>\n<p>How far will Utoo go?<\/p>\n<p><strong>Takeaways:<\/strong><\/p>\n<ul>\n<li><strong>The investment is made through Piramal Group\u2019s private company, Alpex Corporate Services.<\/strong><\/li>\n<li><strong>What differentiate Utoo from other cab aggregators is its no hatchback vehicles since they are perceived as uncomfortable and no surge pricing for passengers. <\/strong><\/li>\n<li><strong>Siva expects Utoo to value $7 billion by 2020. <\/strong><\/li>\n<\/ul>\n<p>Subscribe with us to get your dose of interesting news, research &amp; opinions in the startup segment. Fill the form below:<\/p>\n<p>[email-subscribers namefield=&#8221;YES&#8221; desc=&#8221;&#8221; group=&#8221;Public&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Great Deal for Utoo! About the investment Who doesn\u2019t know Ajay Piramal? He is a reputed industrialist and social entrepreneur. Recently, he bought a marginal stake in Chennai-based taxi hailing startup, Utoo. The investment is made through Piramal Group\u2019s private company, Alpex Corporate Services. Seems that, Mr. Piramal is<\/p>\n","protected":false},"author":22,"featured_media":5566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[27,21],"tags":[1538,70,875,1539],"class_list":["post-5565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-start-up","tag-ajay-piramal","tag-startup","tag-startup-buzz","tag-utoo"],"aioseo_notices":[],"jetpack_featured_media_url":"http:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/07\/Billionaire-Businessman-Ajay-Piramal-Invests-in-Cab-Aggregator-Utoo.png","_links":{"self":[{"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/5565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5565"}],"version-history":[{"count":2,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/5565\/revisions"}],"predecessor-version":[{"id":5568,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/5565\/revisions\/5568"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/media\/5566"}],"wp:attachment":[{"href":"http:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5565"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}