Newly Established Taxi Company Seeking Loan in Mumbai, India
Business loan needed for scaling taxi service with additional cars for profitable operations.
| Established | 0-1 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 135 thousand |
| EBITDA Margin | Nil |
| Industries | Taxi |
| Locations | Mumbai |
| Local Time | 5:49 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
2.03 million
for
10.0%
annual interest,
3
years
(Native Currency: INR 180,000,000)
Reason: The owner is seeking a loan to purchase additional cars for the business.
Business requires a 6-mon...
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Collateral Available: USD 0
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Business Overview
- Located in Mumbai, this taxi service operates as an aggregator utilizing the Uber platform to connect with customers.
- The business currently employs 22 drivers who are compensated on a daily payout basis, earning between 800-1000 INR for a 12-hour shift.
- The fleet consists of 10 cars, which are rented, ensuring lower overhead costs and flexibility in operations.
- The revenue model is structured around ride commissions, with Uber taking an 18% commission from each ride fare.
- Drivers are incentivized to maximize their shifts and customer pickups, contributing to overall profitability.
- The target customers include local commuters, tourists, and individuals needing on-demand transportation services across Mumbai.
- The business leverages the growing demand for ride-sharing services through the Uber app, tapping into the convenience of mobile technology for customer engagement and payment processing.
- This taxi service is positioned to capture a significant share of the bustling urban mobility market in Mumbai, aligning with trends towards digital transportation solutions.
- The last year's revenue is missing because we started our operations this year.
- The business currently employs 22 drivers who are compensated on a daily payout basis, earning between 800-1000 INR for a 12-hour shift.
- The fleet consists of 10 cars, which are rented, ensuring lower overhead costs and flexibility in operations.
- The revenue model is structured around ride commissions, with Uber taking an 18% commission from each ride fare.
- Drivers are incentivized to maximize their shifts and customer pickups, contributing to overall profitability.
- The target customers include local commuters, tourists, and individuals needing on-demand transportation services across Mumbai.
- The business leverages the growing demand for ride-sharing services through the Uber app, tapping into the convenience of mobile technology for customer engagement and payment processing.
- This taxi service is positioned to capture a significant share of the bustling urban mobility market in Mumbai, aligning with trends towards digital transportation solutions.
- The last year's revenue is missing because we started our operations this year.
Products & Services Overview
Taxi services are the best-selling offering, widely used by both local customers and tourists.
Assets Overview
Intangible assets: Incorporation and MSME registration.The business does not own any physical assets.
Facilities Overview
We operate from a house, which has been registered as our official office address.
Capitalization Overview
The business has two shareholders with a 51-49 split, no loans, and is funded by the owners.
Recent Activity
-
Earlier than 15 daysOwner, Chennai, Accounting Firm connected with the Business
Tags:
Newly Established Limo Service Company Seeking Loan in Mumbai, India
·Newly Established Limousine Company Seeking Loan in Mumbai, India
·Lend to Newly Established Limo Service Company in Mumbai, India
·Newly Established Limo Service Company Seeking Loan in Bombay
·Newly Established Taxi Company Seeking Loan in Mumbai, India
·Lend to Newly Established Limousine Company in Mumbai, India
·Newly Established Cab Company Seeking Loan in Mumbai, India
·Newly Established Limousine Company Seeking Loan in Bombay
·Lend to Newly Established Limo Service Company in Bombay
·Lend to Newly Established Taxi Company in Mumbai, India
·Lend to Newly Established Cab Company in Mumbai, India
·Newly Established Taxi Company Seeking Loan in Bombay
·Lend to Newly Established Limousine Company in Bombay
·Newly Established Cab Company Seeking Loan in Bombay
·Newly Established Limo Service Company Seeking Loan
·Newly Established Limousine Company Seeking Loan
·Lend to Newly Established Taxi Company in Bombay
·Lend to Newly Established Cab Company in Bombay
·Lend to Newly Established Limo Service Company
·Newly Established Taxi Company Seeking Loan
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