car rental booking goes online with

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FOR IMMEDIATE RELEASE: 18 th October 2010 End to Car Rental booking woes Car Rentals at the click of a button Car Rental booking goes online with taxiGUIDE.in Bangalore, India, 18 th Oct 2010. www.taxiGUIDE.in , an online car rental booking service has been launched in Bangalore on Monday 18 th October 2010. www.taxiGUIDE.in provides customers the option to compare vehicles, operators and pricing, to make an intelligent and informed booking online, based on vehicle availability. The service is currently available in Bangalore and Chennai. taxiGUIDE.in, promoted by Archaea Mobility Services Pvt Ltd, a Bangalore headquartered start up, is the brainchild of 3 first generation entrepreneurs, Ashok, Subash and Shashibushan, who quit their cushy corporate jobs to embark on this pioneering effort at making car rental booking easy for customers in India. The Background Online travel market has been one of the most exciting ones over past few years from a growth standpoint with the successful adoption of online booking for flights, trains and buses in India. However, car rental booking continues to be a difficult, time consuming, frustrating, harrowing manual experience for customers. None of the online travel agents in India today offer a nationwide online car rental booking service. New and old generation radio taxis are also unable to satisfy the increasing need for personal mobility of customers. The car rental and taxi market in India is estimated to be in the region of Rs. 10000 crores according to various reports. Online travel in India is estimated to be in the region of Rs. 8000 crores. The Service www.taxiGUIDE.in, a pioneering effort at developing a unique “online” platform to make car rental booking simple, easy and convenient in India was launched on 9 th October 2010 in Bangalore by 3 first generation entrepreneurs, Ashok, Subash and Shashibushan. Ashok Ananthakrishnan, the CEO at the launch ceremony said “taxiGUIDE.in provides customers the option to compare vehicles, operators and pricing and then make an intelligent and informed booking online based on vehicle availability. A customer does not have to depend on online directories/yellow pages and make repeated calls for order fulfilment. He/she can book a car rental service at the click of a button. The service is currently available in Bangalore and Chennai”.

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taxiGUIDE.in launch press release

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Page 1: Car Rental Booking goes online with

FOR IMMEDIATE RELEASE: 18th October 2010

End to Car Rental booking woesCar Rentals at the click of a button

Car Rental booking goes online with taxiGUIDE.in

Bangalore, India, 18th Oct 2010. www.taxiGUIDE.in, an online car rental booking service has been launched in Bangalore on Monday 18 th October 2010. www.taxiGUIDE.in provides customers the option to compare vehicles, operators and pricing, to make an intelligent and informed booking online, based on vehicle availability. The service is currently available in Bangalore and Chennai.

taxiGUIDE.in, promoted by Archaea Mobility Services Pvt Ltd, a Bangalore headquartered start up, is the brainchild of 3 first generation entrepreneurs, Ashok, Subash and Shashibushan, who quit their cushy corporate jobs to embark on this pioneering effort at making car rental booking easy for customers in India.

The Background

Online travel market has been one of the most exciting ones over past few years from a growth standpoint with the successful adoption of online booking for flights, trains and buses in India. However, car rental booking continues to be a difficult, time consuming, frustrating, harrowing manual experience for customers. None of the online travel agents in India today offer a nationwide online car rental booking service. New and old generation radio taxis are also unable to satisfy the increasing need for personal mobility of customers. The car rental and taxi market in India is estimated to be in the region of Rs. 10000 crores according to various reports. Online travel in India is estimated to be in the region of Rs. 8000 crores.

The Service

www.taxiGUIDE.in, a pioneering effort at developing a unique “online” platform to make car rental booking simple, easy and convenient in India was launched on 9 th

October 2010 in Bangalore by 3 first generation entrepreneurs, Ashok, Subash and Shashibushan.

Ashok Ananthakrishnan, the CEO at the launch ceremony said “taxiGUIDE.in provides customers the option to compare vehicles, operators and pricing and then make an intelligent and informed booking online based on vehicle availability. A customer does not have to depend on online directories/yellow pages and make repeated calls for order fulfilment. He/she can book a car rental service at the click of a button. The service is currently available in Bangalore and Chennai”.

Page 2: Car Rental Booking goes online with

Subash Bidare, Founder Director believes that taxiGUIDE.in is a win-win proposition for car rental operators as well. For car rental operators, taxiGUIDE.in provides a platform to showcase their vehicle availability across a broader customer base (both national and international), enables better utilisation of the vehicles, lowers operating costs due to automation of the booking and dispatch process and use of GPS and provides an opportunity for additional revenue streams in the form of advertising to the operators thereby improving their profitability.

Shashibushan Venkatasubbaiah, Founder Director, said, “taxiGUIDE.in offers a simple click, compare, select and book facility for car rental services which greatly reduces customer pain point in identifying reliable car rental operators and booking car rental services. Car rental operators too can use the website to upload their inventory and availability on a dynamic basis thereby enabling better asset utilisation.”

Customers can now log on to www.taxiguide.in and start booking car rental services online.

About: Archaea Mobility Services Pvt Ltd / taxiGUIDE.in

Archaea Mobility Services Pvt Ltd was set up in April 2010 by a team of first generation entrepreneurs with 36 man years of experience in Management Consulting, Corporate Banking and IT Product Development with a mission to “simplify personal mobility”.

Ashok Ananthakrishnan (BE- Mech, PGDBA and CFA) has an experience of over 11 years at S.B.Billimoria and Co, Vertebrand Management Consulting, ICICI Bank and DBS Bank.

Subash Bidare (B.Com, PGDBA) has over 12 years of experience at Quality Research Group, Vertebrand Management Consulting, MTI Consulting and Kaati Zone.

Shashibushan Venkatasubbaiah (BE (IT) and MS (Computer Engineering)) has over 13 years of experience at Honeywell India Software Operations and McAfee, India.

Subash, Shashi and Ashok are avid trekkers with a keen interest in travel.

Contact InformationName: Subash BidareCompany Name: Archaea Mobility Services Pvt LtdPhone Number: +91 9880564247 / 080 41307024E-mail Address: [email protected] URL: www.taxiguide.in