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Event Management Company Investment Opportunity in Coimbatore, India

Technology driven automotive startup for car enthusiasts with 3,500+ members in 20+ cities seek investment.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 20.3 thousand
Run Rate Sales USD 243 thousand
EBITDA Margin 30 %
Industries Leisure and Recreation + 1 more
Locations  Coimbatore
Local Time 6:49 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 510 thousand for 45.0% stake (Native Currency: INR 45,000,000)
Reason: This investment will be directed toward establishing our physical facilities and expanding our fleet... View More
Includes physical assets worth USD 28 thousand
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Overview
Business Overview
- India’s first open car club, revolutionizing the automotive experience with innovation and passion.
- Our community brings together a diverse group of automobile enthusiasts to foster excitement and connectivity.
- We offer thrilling experiences like road trips, exclusive gatherings, and expert guidance, creating unforgettable moments for car lovers.
- Our focus is on cultivating a passionate community with recurring membership plans to ensure consistent engagement.
- We generate revenue through subscription plans for individuals joining our vibrant community.
- By collaborating with multiple industries, we expand our revenue streams beyond the automotive sector.
- Partnering with brands for event collaborations is a key aspect of our business model.
- We host regular meetups and events, fostering bonds among members and boosting brand visibility.
- Ticket sales for these events are an important revenue stream.
- We provide members with exclusive deals and services for sourcing and purchasing automotive products, earning commissions from these facilitation efforts. Currently, we have a member network of 3,500+ across 20+ cities contributing to 74% of our revenue.
- We plan national and international trips tailored to car enthusiasts, generating revenue through participation fees and sponsorships.
- We organize exhilarating on-track and off-track events, offering thrilling experiences and attracting revenue through participation and sponsorships.
- Our range of branded merchandise resonates with the community and reinforces our lifestyle identity.
- As the first automotive tech startup in the region, we leverage convenience as our key offering.
- We have rapidly gained traction, achieving milestones that have inspired similar startups to emerge.
- Our lifetime revenue includes earnings from premium memberships and events, and we currently have over 500 individuals waitlisted for premium membership.
- We have temporarily paused onboarding to ensure seamless scaling during this period of growth.
- Despite the pause, we continue to receive daily inquiries for premium memberships, reflecting the strong demand for our platform.
- Our social media following has grown significantly, with an active base of paid members and registered participants.
- In just a short time, our events have reached a large audience and created substantial brand exposure.
- Our three successful events generated significant revenue, with key contributions from memberships, sponsorships, and ticket sales.
- Company has a valid COI.
- Owners have over 5+ years of experience in this industry.
- We are also partnered with event management companies to facilitate our events, hence the low employee count.
- We were only operational for 1 month in the previous year, hence a high growth in revenue can be observed this year.
Products & Services Overview
We offer:
- Regular networking and leisure events to connect and engage.
- Assistance with sourcing new and used cars tailored to member needs.
- Hassle-free repair and maintenance services for added convenience.
- Timely updates on the automotive industry, with a focus on cars.
- Unique driving experiences designed for enthusiasts.
Our members enjoy both experiential and monetary benefits across all these services.
The client base is car enthusiasts.
Assets Overview
Assets include:
Electronic devices and 2 company cars.
Facilities Overview
Currently, we do not have a physical office or club facility. These will be established once the funding round is completed.
Capitalization Overview
The startup is currently fully bootstrapped and managed by two directors. During the R&D phase, a small amount of personal debt, not exceeding ₹7.5 lakh, was utilized.
Recent Activity
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2 Investors already contacted this Business. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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