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Taxi Company Investment Opportunity in Nashik, India

IT Startup seeking seed investment for taxi aggregator application product that is in patent-pending status.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Taxi + 1 more
Locations  Nashik
Local Time 9:54 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Partial Stake Sale
USD 5.4 million for 25.0% stake (Native Currency: INR 450,000,000)
Reason: We are seeking Indian and international seed investors for development and marketing of our flagship... View More
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Business Overview
- We are an IT start-up with a functional proof-of-concept for a mobile application.
- We intend to develop a mobile application that will be like a search engine platform for service providers and customers.
- The service providers will be taxi drivers, cab drivers, and rickshaw drivers. As of now we have done a market survey of 10,000 potential drivers and have received a positive response.
- Business will be different from its competitors like Uber and Ola as we will offer the service providers to charge a rate based on the services they perform rather than fixing a rate and the customers will have a choice to choose a driver.
- We will generate revenue from a monthly subscription model for the drivers and will charge a basic per kms fee from the customer.
- Business does not have any loan and is has 4 shareholders out of which 2 are directors of the company. The shareholding pattern is 10:10:40:40.
- The work on the application is yet not started but we intend to have an in-house team for the development and maintenance.
Products & Services Overview
Taxi aggregator application for service providers and customers.
Assets Overview
Business does not own any physical assets but we have a patent-pending for a new idea of an aggregator application.
Facilities Overview
We are planning to setup a new development center in Pune with an employee strength of more than 30. Currently, we have a rented admin office space that covers an area of 400-500 sq. ft.
Capitalization Overview
Not Disclosed
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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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