Many more venture capitalists would also come forward to launch their expansion on vehicles that would run on Delhi and NCR roads as many growing companies in the region are expanding their capacities and smaller companies are wanting to grow bigger.

These enterprises would need manpower from the entire NCR region, mainly comprising Ghaziabad, Gurgaon, Noida, Greater Noida, Faridabad etc. and would need transport facilities to fetch and drop them at bare minimum costs and radio taxis and vans prove ideal facilities, says the Secretary General ASSOCHAM.

He adds that the demand of radio taxis and 6 to 8 seater vans would multiply during Commonwealth Games also and that is why, the venture capitalisats would come forward and launch this business as it is not only profitable but also involves virtually no risks and would give much more returns to VCs than anticipated.

The process of launching this business is also virtually non-cumbersome and young entrepreneurs would like to take maximum advantages of this facility as it would be equally profitable to them and it is because of this reason that the venture capital are finding this sector as a new opportunity to earn a high return on their investments.

The Chamber has also found out based on the feedback from many VCs that services oriented companies in India both in the technology fields and the non-technology areas of hotels, taxis and similar services will continue to attract investments from them as this is likely due to their low capital requirements as well as rapidly emerging nature of broader Indian economy.

Secondly, this business takes relatively little money and little time for these kinds of companies to begin generating revenues and because of this, web related and consumer and business services companies accounted for more than half of all the venture capital deals done in India in 2007.