The service will have the backing of a Kolkata-based start-up that owns TYGROla and Uber drivers, who have formed a drivers’ union in Bengaluru have plans to start a new service next month. He said Savetur would run and manage the business according to a model drafted by drivers' union, which would satisfy both drivers and riders. However, the union will control and supervise Savetur through their company, which is in the process of registering its name as Huli Technologies. The company plans to raise Rs 12 crore to run and sustain business at the initial stages and many investors have shown keen interest to pick stake in the company, Pasha said. He said the company aims to give Rs five lakh worth of life insurance, Rs five lakh accident insurance and Rs two lakh medical insurance to the drivers annually.

Source: dna July 12, 2017 15:00 UTC