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Taxi Company Investment Opportunity in Bangalore, India

Online taxi service provider, with 35,000+ users and 16,500 drivers, company seeking investment for expansion.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 70 - 80 thousand
Run Rate Sales USD 700 thousand
EBITDA Margin 10 - 20 %
Industries Taxi + 1 more
Locations  Bangalore
Local Time 11:01 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 600 thousand for 5.0% stake (Native Currency: INR 50,000,000)
Reason: Funds are needed to promote our business and to expand it all over India and Europe. We want to incr... View More
Includes physical assets worth USD 70 thousand
Interested to connect with advisors
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Business Overview

- Company with an aggregator license valid for 5 years from Karnataka State Transport Authority which is mandatory for an online taxi service.

- We provide city taxi, rental, outstation, and delivery booking through an app-based service system with nearly 35,000 users, and a driver base of almost 16,500.

- We have more than 5 years of experience in offline bookings.

- On a daily basis we receive 800-900 bookings.

- Business is registered in Hassan but operations are established in Bangalore.

- The app is available on Android and iOS.

- We are 5%-10% cheaper than other players.

- 12% commission is charged from the drivers.

- We are seeking investment to expand the business all over Karnataka, India, and even European countries.

Products & Services Overview

We are an online taxi booking app providing services like city taxi, rental, outstation booking, corporate booking, and instant delivery of groceries in one click through one platform.

Assets Overview

Physical assets include office assets, furniture, laptops, and IT equipment.

Intangible assets include software, license, & employees.

Facilities Overview

We have a rented office with a 1,000 sqft area, that has workstations and a control room.

Capitalization Overview

Till now it's bootstrapped, with zero debt/loan outstanding, and no external investment.

The company has two shareholders in a 60:40 shareholding split.

Recent Activity
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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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