Latest news with #JerinVenad
Time of India
24-04-2025
- Automotive
- Time of India
Cityflo forays into four-wheeler chauffeured vehicle rentals with Luxe
Cityflo , a premium daily commute company, has launched Luxe, a premium chauffeured car rental service in Mumbai, marking its entry into the four-wheeler rental market. The company said it is utilising a fleet of Innova Crystas equipped with AI-powered safety technology for the operations, aiming to fill the gap left by inconsistent on-demand cab services. The new service aims to provide high-quality vehicles with professional chauffeurs for both business and personal launch comes amid growing dissatisfaction with the reliability and quality of existing cab services in urban India. Jerin Venad, CEO of Cityflo, said 'There have been legacy players who've delivered exceptional service in this space—but largely within specific niches. With Luxe , we're extending that standard of excellence to a wider, underserved market—guided by the same operational discipline that underscores our daily commute services. Today, we have over half a million customers who use Cityflo primarily for their office travel. Luxe is a natural extension—built for the same customer when they need a more personalized, flexible option, whether for business meetings, weekend trips, or special occasions.' According to the company, the service model is designed to eliminate common rental pain points-- unpredictability and last-minute cancellations are specifically targeted. Users can book directly via . The service offers clear fare structures and no surge pricing.
Time of India
24-04-2025
- Business
- Time of India
Cityflo enters four-wheeler rental vehicle market, to compete with Uber and Ola
Cityflo , a premium daily commute firm said it is launching Luxe, marking its first entry into the four-wheeler space, expanding its service footprint beyond buses into private rentals. The move comes amid growing dissatisfaction with the reliability and quality of on-demand cab rentals in urban India. Most cab operators have struggled to scale while maintaining consistent service quality. Poorly maintained vehicles, erratic cancellations, untrained drivers, and fluctuating fares have left a visible gap in the market for a more premium, dependable offering. 'There have been legacy players who have delivered exceptional service in this space—but largely within specific niches,' said Jerin Venad , CEO, Cityflo. 'With Luxe, we are extending that standard of excellence to a wider, underserved market—guided by the same operational discipline that underscores our daily commute services. Today, we have over half a million customers who use Cityflo primarily for their office travel. Luxe is a natural extension—built for the same customer when they need a more personalized, flexible option, whether for business meetings, weekend trips, or special occasions.' Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. India's urban rental mobility market is evolving rapidly. According to a report by IMARC, the Indian car rental market was valued at $2.74 billion in 2024 and is expected to grow at a CAGR of 14.5% through 2033, reaching nearly $9.3 billion. Despite this, in metro cities—where demand for high-quality rentals is rising – few brands are equipped to meet this need with consistent quality. The space remains fragmented, dominated by individual operators or unorganised fleets on larger platforms. The company plans to expand its fleet by 1,600 buses over the next two years and grow revenues four-fold to Rs300 crore by 2027. Founded in 2015 by IIT Bombay alumni Jerin Venad, Rushabh Shah, Ankit Agrawal, and Sankalp Kelshikar, Cityflo provides an alternative commuting solution and serves corporate professionals in Mumbai and Hyderabad, and more recently Delhi. 'We believe the future of mobility and mass adoption in cities like Mumbai and Delhi lies in vertically integrated, professionally operated fleets. Luxe is our first step in that direction for four-wheelers, thereby allowing us to extend the Cityflo standard of service to new audiences and cater to new use cases,' added Venad. The service is now live across Mumbai, with plans to scale across metros in the coming months. Cityflo is backed by several marquee investors including Lightbox Ventures, Anupam Mittal, Alteria Capital, India Quotient and others.
