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　　In the entrepreneurial ecosystem, age is just a number. A few days ago, a newly established eight months India startup Jugnoo bought taxi service aggregation company was founded three years BookMyCab. Owned by Jugnoo has developed a series of applications App, to provide users with auto-rickshaw rides and food delivery services. At present, the acquisition is the exact amount has not been disclosed.

　　Jugnoo now has three App application, namely Jugnoo Autos,Jugnoo Meals, as well as Jugnoo Fatafat. Jugnoo Autos in the first paragraph the application was developed in November last year, are similar in function and Uber. Jugnoo Meals application was released in February of this year, mainly to provide hand-cooked fresh domestic express service, and they prepared for the consumer a variety of different food menu, food is by Jugnoo company hired a chef to Cook, customer orders, 30 minutes to be served. Jugnoo Fatafat last app was released in April of this year, it is a hyper-local e-commerce platform, providing groceries express delivery services.

　　New business areas, new areas of service

　　Last month, in order to expand the scale of business startups Jugnoo received a seed round of $ 5 million investment, the investor for Snow Leopard and PayTM. Jugnoo wants to buy BookMyCab, aims to quickly break into the India market in big cities, including Mumbai, Delhi-national capital area, Chennai, Bangalore and Pune. In addition, they also hope to enter the taxi aggregation service.

　　"Today, the concept of the middle class seem to have been redefined. People living in reduced circumstances in the past, does not choose the relatively expensive taxi service, but it's completely different now, "said Samar Singla, Jugnoo he co-founder and CEO, also a graduate of India Institute of engineers.

　　Singla is a entrepreneur who had several entrepreneurial experience, and before he was ever founded a Startup Accelerator Click Labs, a start-up company specializing in organic poultry feed ProDIGy Foods.

　　According to Singla said, BookMyCab in the Mumbai area, only has 2000 taxis, and the company's local business licenses than Ola and Uber early.

　　"Buying a permission of the business company, expand business scale is very helpful to us," he said. Singla predicted that after the acquisition, the company's average daily trading volume will soon break through the 10,000. However, relative to the Ola and the giants like Uber, this volume is negligible.

　　Mergers and acquisitions seem to be trend

　　Early this year, Ola acquired the TaxiForSure, soon reaped most of the market share. Millet s road to xueba the thick product sends

　　Sunil Goyal is a VC Fund founder and CEO of YourNest, the VCs primarily invest in startup companies, and one of the BookMyCab investor. Last year, India taxi aggregation service provider has been fighting a price war, Sunil Goyal believe that BookMyCab the performance of the company has been remarkably stable, now India's taxi market is still in the construction phase, and BookMyCab has always played a leadership role on the local market.

　　Last November, BookMyCab CabonClick bought its competitor, the latter mainly in India, Hyderabad and surrounding areas to provide services. Early this year, the company raised $ 6 million in financing, but in the end investor Contrarian funds Drishtibi not so much. The Jugnoo acquisition BookMyCab, it is not clear before investors can get a piece of, I believe media will continue to follow up this matter.

　　[Edit: v]