Taxi Company Investment Opportunity in Bengaluru, India

- A software development company that has mass application product services. We have now diversified into online cab & auto aggregator services like Ola & Uber.
- Also provide enterprise software and mobile development services particularly mass application products. We recently diversified into a ride-hailing service provider in Bangalore, Karnataka with a license from the Karnataka government.
- Our online cab/auto ride-hailing app launched in Bangalore as the most user-friendly option and is different from Ola and Uber. The system directly connects the passengers with nearby waiting drivers, who bid on a real-time basis (in 30 secs) and passengers have the option to choose between the lowest fare or the nearest vehicle.
- Android mobile application has been developed in-house and was launched recently for passengers and drivers.
- Rides in a month about 3,000-3,500 with average fare of INR 150 per ride. The service is now in Bangalore.
- Planning to expand to Delhi, UP, and also tier-2 cities in Karnataka. Also, have expansion plans for other states based on funding.
- At present the total passenger base is 34,000 and cabs & autos are about 4,500.
- Revenue model: 15 -20 % commission from the fare amount.
- Except for us, Ola, and Uber there are really no other organized active players in the country.
- Considering the B2C market and volumes we see excellent growth prospects in years to come in Bangalore and other states.
- In the long run, the operations can easily be scaled up to overseas markets with some improvements in the software.