Taxi’na Secures Funding to Expand Subscription-Based Ride-Hailing

Taxi’na, a tech-driven mobility solutions start-up, has raised INR 15 million in funding from Navyug Global Ventures, headquartered in Chennai. This strategic investment will enable Taxi’na scale its unique, sustainable ride-hailing model, creating a level playing field for both drivers and passengers while empowering happy micro-entrepreneurs in the sector. With this backing, Taxi’na is poised to redefine the ride-hailing industry with a focus on complete transparency, fairness and entrepreneurial opportunities.

Taxi’na’s unique subscription model is designed to completely transform the way drivers and passengers experience the ride-hailing ecosystem. Unlike traditional models that leave drivers guessing about their earnings after commissions and daily deductions, Taxi’na offers a franchise-like opportunity. Drivers simply pay a fixed monthly subscription fee, which grants them unlimited access to the full Taxi’na ecosystem and technology, with no hidden deductions or surprise fees. This approach eliminates the daily uncertainty about take-home pay, giving drivers complete clarity and peace of mind.

For drivers, this is a game-changer. They no longer need to worry about fluctuating commissions or performance targets that can diminish their earnings. By opting into the subscription model, they can focus on what matters most—providing excellent service and earning consistent income without the daily stress of unpredictable deductions. They are empowered to work on their terms, allowing them to earn a better livelihood while providing the highest quality service.

In addition to this, Taxi’na focuses on creating an ecosystem that fosters mutual respect between drivers and passengers. With transparency at the core of the service, passengers know exactly what they’re paying for, including upfront quotes, vehicle details, arrival times, and driver information. This removes the uncertainty and stress typically associated with ride-hailing, leading to a more relaxed and positive experience for the passenger.

Mr. Nikhil Chandan MD & CEO of Navyug Global Ventures said, “Taxi’na has developed a sustainable model consisting of a ride-hailing app and a supportive ecosystem. This model achieves fairness among all drivers by eliminating commissions and targets, focusing on delivering transparent pricing, nurturing healthy competition among drivers, and safeguarding end-user interests. We have witnessed remarkable achievements by the Taxi’na team, and we are confident that the leadership of Pinku, Vel Murugan, Bharath, and Subha will address the tech and digital divide in the sector, creating an even more efficient and user-friendly experience for everyone involved.”

Mr. Pinku Bharathi, Co-Founder & MD of Taxi’na, “The ride-hailing industry in India is at a crucial turning point, and a sustainable ecosystem is now essential. By addressing the issues faced by drivers, who are the backbone of the industry, we ensure that passengers enjoy a superior and safe ride-hailing experience. When drivers are financially secure and stress-free, they’re able to provide quality service, and when passengers feel respected and well-informed, they’re more likely to be satisfied. This mutual respect is at the heart of the Taxi’na experience, ensuring that both drivers and passengers are happy and engaged throughout every ride. With our subscription-based model, drivers no longer have to worry about fluctuating commissions, but instead can focus on boosting their earnings and providing exceptional service. This empowerment is key to creating a thriving ecosystem for everyone.”

“We are thrilled to partner with Nikhil Chandan’s Navyug Global Ventures. We see them as a strategic ally, bringing invaluable expertise and resources that will enable us to expand this ecosystem across India and beyond. Together, we aim to harness the entrepreneurial spirit of our drivers, provide them with the opportunities they need and create a seamless, fair, and sustainable ride-hailing model.” he concluded.