Bangalore: YatraGenie, a travel portal which offers online bus ticketing and cab booking has partnered with Sundaram Finance Ltd. This amalgamation is to help Young drivers to turn into entrepreneurs and be sovereign to take part in the new economy. With this partnership, YatraGenie.com plans to create about 50,000 young entrepreneurs in India within 2 years. Sundaram finance Limited which has a national wide network finances YatraGenie cars through the YatraGenie franchise program at attractive rates.
Born to Paxterra Software Solutions Pvt. Ltd – a global management consulting and technology Services Company - B2C online travel portal YatraGenie was founded in 2013 by Renil Komitla. The fastest growing company endeavors to enrich citizens with offers a world class travel experience to Indian citizens by offering a bus ticket at best prices. YatraGenie operates in all the major Indian cities offering radio tax services and bus travel. The company is suspended to expand its SaaS services into logistic management, airlines and hotels by the end of 2015-16.
Marking the partnership announcement, Renil Komita, CEO of Yatragenie.com said “We believe that this partnership will help us encourage more and more youngsters to become entrepreneurs. This program will provide easy access to capital for drivers who want to own a car. The Indian cab segment has immense potential and the demand for cab services is only going to increase in the months to come. Through this tie up with Sundaram Finance Ltd we want to empower drivers to become entrepreneurs”.
Talking about the event, Badrinarayanan K, DGM, Sundaram Finance said “We are very excited about this partnership with YatraGenie. Sundaram Finance has been in the vehicle lending business for many years now and we greatly believe in providing the best of the services to our customers. We are keen on providing the required support from our side to create a new wave of entrepreneurs to empower India’s new economy”.
Currently, ‘YatraGenie cabs’ is present in Bangalore, Vijaywada, Nellore, Gudur, Tirupathi and kavali. Apart from a website, the booking can also be done through YatraGenie app, which is accessible through android mobiles. With an inventory of 25,000 cabs, YatraGenie is planning to set up operations in 65 cities by the end of 2015.