Taxi Company Investment Opportunity in Bangalore, India
Company providing cheaper & quicker mobility solution to commuters seeking investment.
This transaction has concluded.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 20.3 thousand |
| Run Rate Sales | USD 35 thousand |
| EBITDA Margin | 20 % |
| Industries | Taxi + 1 more |
| Locations | Bengaluru |
| Local Time | 10:16 PM Asia / Kolkata |
| Listed By | Advisor / Business Broker |
| Status | Active |
Partial Stake Sale
USD
2.53 million
for
23.0%
stake
(Native Currency: INR 230,000,000)
Reason: The company is an asset-light company with hardly any investments in capital assets.
The minimum ti...
View More
Includes physical assets worth
USD
1.1 thousand
Documents
Business Overview
- Company dealing in providing cheap and quick mobility services.
- The business has consistently grown month on month.
- The user can access the services using the mobile app, add their destination and use opt verification to activate the ride. As it is a shared service, vehicles will pick up other riders on the way and finally reach their destination.
- From its inception, the company has served over 1,00,000 customers.
- Successfully saved 60,000 kgs of CO2 emissions using an electric-only fleet.
- Set a new industry benchmark of an average wait time of 2:01 minutes and an average tariff of Rs. 15 which are the 2 most critical needs of our target customers.
- The company has a commission-based revenue model and charges a percentage of fare on each ride. They also generate revenue using local advertisements.
- The business has consistently grown month on month.
- The user can access the services using the mobile app, add their destination and use opt verification to activate the ride. As it is a shared service, vehicles will pick up other riders on the way and finally reach their destination.
- From its inception, the company has served over 1,00,000 customers.
- Successfully saved 60,000 kgs of CO2 emissions using an electric-only fleet.
- Set a new industry benchmark of an average wait time of 2:01 minutes and an average tariff of Rs. 15 which are the 2 most critical needs of our target customers.
- The company has a commission-based revenue model and charges a percentage of fare on each ride. They also generate revenue using local advertisements.
Products & Services Overview
The company deals in providing reasonable and quick mobility services. We offer services such as -- Electric vehicles.
- Shared rides.
- Cashless payments & subscriptions.
- Short rides.
- Quick service.
Assets Overview
Physical assets include electric vehicles, laptops, and printers.The company is an asset-light company with hardly any investments in capital assets.
Facilities Overview
Currently operating from home because of covid situation.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysManaging Director & CEO, Web & Mobile Application Development, Bengaluru, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysPurchase Manager, Mining, Goa, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, IT Services, Pune, Individual Investor / Buyer connected with the Business
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·Mobile App Investment Opportunity in Bengaluru
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·Limo Service Company Investment Opportunity
·Invest in Limo Service Company in Bengaluru
·Investment Opportunity in Bangalore, India
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·Invest in Cab Company in Bangalore, India
·Limousine Company Investment Opportunity
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