Vehicle Rental Company Investment Opportunity in Bangalore, India
Investor sought by a company that provides cost-effective car leasing solutions for a price-sensitive market.
This transaction has concluded.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | INR 1 crore |
| Run Rate Sales | INR 60 lakh |
| EBITDA Margin | 12 % |
| Industries | Vehicle Rental |
| Locations | Bangalore |
| Local Time | 4:19 AM Asia / Kolkata |
| Listed By | Advisor / Business Broker |
| Status | Active |
Partial Stake Sale
INR
3.5 crore
for
15.0%
stake
(Native Currency: INR 35,000,000)
Reason: The company is seeking investment to expand its operations and acquire new users. They are targeting...
View More
Includes physical assets worth
INR
1 crore
Documents
Business Overview
The company offers affordable lease as an alternative to car ownership. They provide IOT based car subscriptions to its users.
The company is expecting significant traction of Rs 60 lakh of guaranteed future rentals.
It is targeting B2B and B2C customers and EV vehicles.
There is a huge potential to include first-time vehicle aspirants, who previously could not afford vehicles.
A hassle-free experience is ensured by the company by providing insurance & maintenance packages.
The platform resonates with 400+ million millennials who prefer subscribing to the services provided by them over purchasing a new product.
The subscription amount can be used for tax benefits by corporates & salaried users.
The business saw a dip in sales in the last year due to Covid, but have made the recovery and is expecting an increase in the sales going forward.
The company is expecting significant traction of Rs 60 lakh of guaranteed future rentals.
It is targeting B2B and B2C customers and EV vehicles.
There is a huge potential to include first-time vehicle aspirants, who previously could not afford vehicles.
A hassle-free experience is ensured by the company by providing insurance & maintenance packages.
The platform resonates with 400+ million millennials who prefer subscribing to the services provided by them over purchasing a new product.
The subscription amount can be used for tax benefits by corporates & salaried users.
The business saw a dip in sales in the last year due to Covid, but have made the recovery and is expecting an increase in the sales going forward.
Products & Services Overview
Services provided by the company are:- Aspirational higher-end car/bike for the same price with almost 50% lower monthly EMI charges.
- They provide a full-term warranty, and a hassle-free experience by covering insurance, breakdown assistance, maintenance, and claims.
- An IoT tracking system helps maintain asset quality, manage defaults, and IoT data helps manage assets and resources better.
- Flexibility to swap, return or cancel.
Assets Overview
Assets include vehicles owned by the company which are leased to the users and a warehouse which provide management & repair services.
Facilities Overview
The company is currently working from home because of covid but will open the office soon.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysManaging Director & CEO, Web & Mobile Application Development, Bangalore, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysOwner, Electricity Distribution, Imphal, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysManaging Director, Oil And Gas, Hyderabad, Individual Investor / Buyer connected with the Business
Tags:
Vehicle Rental Company Investment Opportunity in Bangalore, India
·Bike Rental Company Investment Opportunity in Bangalore, India
·Car Rental Company Investment Opportunity in Bangalore, India
·Vehicle Rental Company Investment Opportunity in Bengaluru
·Bike Rental Company Investment Opportunity in Bengaluru
·Car Rental Company Investment Opportunity in Bengaluru
·Invest in Vehicle Rental Company in Bangalore, India
·Invest in Bike Rental Company in Bangalore, India
·Invest in Car Rental Company in Bangalore, India
·Vehicle Rental Company Investment Opportunity
·Invest in Vehicle Rental Company in Bengaluru
·Bike Rental Company Investment Opportunity
·Investment Opportunity in Bangalore, India
·Invest in Bike Rental Company in Bengaluru
·Car Rental Company Investment Opportunity
·Invest in Car Rental Company in Bengaluru
·Investment Opportunity in Bengaluru
·Invest in Vehicle Rental Company
·Invest in Bike Rental Company
·Invest in Car Rental Company
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
