Venture Capital is one of the fastest growing businesses in the investment industry helping young entrepreneurs with new and potential ideas of business which may have a significant impact on the Indian economy in future. Venture Capitalists in India are biased toward technology companies with 68.0% of investments made in this sector. It has now begun to be popular in India mainly focusing on the industrial sector with investments backing entrepreneurs with ideas and technology. The study examines the venture capital and private equity in the transport industry with main focus on radio cabs that use a technological aggregator to run and develop the business. The financial performance of Meru Cabs Private Limited is analyzed, the investment made, the replacement of conventional transport with radio cabs and the competition between similar radio cab companies in the industry.