December 11, 2017

Cab Sharing platform CoolShare raises funding

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Funding story

Using innovative technology to provide effective transportation solutions has become the buzzword for today’s startups. From regular cab aggregators like Ola and Uber to comprehensive cab hiring platforms like AHA Taxis, technology has shown that transportation issues of all kinds can be solved. The latest innovation in this regard is A/C cab hiring platform CoolShare. This innovative allows for the sharing of A/C cabs. It is run by Zoomot Services, which was founded in arly 2015 by IITians Randeep Singh, Youmit Singh and Navneet Singh.CoolShare recently got a huge shot in the arm due to its raising of $100,000 in seed funding from Gopal Aggarwal, a prominent investor. This funding is expected to allow for the further expansion of this innovative concept, making it a frontrunner in providing effective transportation solutions.

About Coolshare’s services

CoolShare is geared towards making shared cab hiring easy and convenient. The entire process operates on the basis of a few simple steps-selecting the departure point and the destination, knowing about the seat occupancy, before finally sharing the ride. Registration on the service costs nothing.  Currently, 3 routes(Khargar-Airoli-Borivali, Vashi-Airoli-Borivali and Kharghar-BKC) are on offer, by this Mumbai-based app, and 2 other apps will be brought out soon.
Already, the company has seen phenomenal growth and expansion, with 1500 monthly transactions. The ticket size is set at Rs.110. 70% of its users are repeat users-an indication of the high degree of customer satisfaction which CoolShare has been able to bring about. One of the biggest reasons for their popularity could be their highly transparent and simple pricing policy. This policy involves a flat charge of Rs. 6 per seat per km, and its much more convenient for customers compared to the convoluted per ride calculations which many of its competitors offer.


Overall, Zoomot’s backing is likely to propel CoolShare greatly. This will help expand transportation options for the average citizen, and make convenience and affordability the middle name of the rapidly upcoming transportation innovations.

Visit CoolShare’s website for more info, and download the Android app here.

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