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Newly Established Taxi Company Investment Opportunity in Hyderabad, India

Online cab booking application having 3,800 drivers and 6,800 downloads within short time seeks investment.

Established 0-1 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 120 thousand
EBITDA Margin Nil
Industries Taxi
Locations  Hyderabad
Local Time 8:44 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 13 million for 49.0% stake (Native Currency: INR 1,000,000,000)
Reason: The investment amount will be used for advertisement, marketing and further development of our softw... View More
Includes physical assets worth USD 2.7 thousand
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Business Overview

- We are an online cab booking platform with own application and website running operations in Hyderabad looking forward to create a revolution in the cab industry.

- Our business model is unique and stands out from competitors as we are a driver centric business focused on increasing the number of drivers associated with the brand and overall sales for the company.

- The USP of our business is that we charge the same pricing throughout the year irrespective of climatic change. The surge fee is charged by all our competitors and will give us a competitive edge in taking off this fee.

- We do not charge any commission on drivers' per ride. Our revenue model is based on subscriptions coming from the cab drivers. This subscription amount is very less compared to the commission charged by our competitors.

- Started operations last year but could not generate much revenue due to lockdown. We have good growth rate in terms of rides per day. Completing more than 100 rides per day at the moment with more than 3,800 drivers.

- We are giving credits to drivers at the moment to start generating leads and acquiring a market share. This is why our profit margin is nil for now.

- Adopting predatory marketing strategies to acquire and retain a large customer base.

Products & Services Overview

We provide on-time cab booking services with professional drivers and reliable cabs.

Assets Overview

We own some office equipment and computers.

Facilities Overview

We have a rented office facility of around 180 square feet.

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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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