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New Delhi: Online travel company Yatra.com (Yatra Online Pvt Ltd ) on Wednesday entered the cab booking services space by partnering with cab aggregators with an aim to get 5% of its overall business from this segment by December.

It has tied up with inter-city and intra-city cab service providers such as GetmeCab, Carzonrent and Clear Car Rental. Currently these companies have a fleet of over 5,000 cabs, including hatchbacks, sedans, vans, special utility and multiple utility vehicles.

Yatra is also in talks with other companies, including those in point-to-point, car pooling and self-drive space.

“Cabs including inter as well as intra city are a big part of what constitutes travel. It was a gap and we felt that with a number of different providers being there both for intra-city as well as for inter-city it was a good opportunity to put the platform together," said Sharat Dhall, president, Yatra.

The services will be provided across 450 cities in the country. While availing hourly cab rides, the customers can pay directly at the end of their travel, and for outstation cab bookings, they will have to make a 25% advance payment.

The Gurgaon-based company is working with the partner companies on a commission share basis. The commission will vary from one service to another and can be a flat fee or a percentage.

“We did this mainly to complement all other services that we do. From revenue, if we can get 5% from this segment by year end, we will be happy," said Manish Amin, co-founder and chief information officer, Yatra.

The company started the service by cross selling cab bookings offline to its hotel customers around November last year, said Amin. It soon saw it as a potential segment and decided to launch it on the app.

Yatra offers booking facility for domestic and international air travel, hotels, holiday packages and bus and railway reservations. It gets almost 65% of its business from flights and 30% from hotels packages and 5% from other segments.

It currently provides reservation facility for 55,000 hotels, including about 3,000 homestays in India. It claims to be get 20,000 domestic tickets and 10,000 hotels and holiday packages per day.

The company has been backed by investors, including Norwest Venture Partners, IDG Ventures India and Intel Capital among others. It competes with online travel agencies such as MakeMyTrip and Goibibo besides budget hotel accommodation aggregator Oyo.

In January, MakeMyTrip announced a $180-million fund-raise from China’s Ctrip.com International Ltd. It was followed up by South African media company Naspers Group’s announcement to invest $250 million in Ibibo Group, which owns and operates Goibibo in February.

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