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Taxi Company Investment Opportunity in Singapore, Singapore

Singapore-based well-established ride-hailing and car-sharing mobile application with over 20,000 users.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 200 thousand
Run Rate Sales USD 240 thousand
EBITDA Margin 30 %
Industries Taxi + 1 more
Locations  Singapore
Local Time 9:55 PM Asia / Singapore
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Investment
USD 1 million for 25.0% stake (Native Currency: USD 1,000,000)
Reason: Mobile application development, ramp-up of Singapore operations (including driver onboarding), insur... View More
Includes physical assets worth USD 200 thousand
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Business Overview

- Business is ranked among the top 50 mobile applications in App Store (Apple) and Google Play Store.

- More than 10,000 drivers registered in Singapore.

- Have monthly transacting users of over 20,000 since July 2021, with ~30% growth M-o-M.

- The mobile application has over 20,000+ downloads.

- The company's focus on driver loyalty and earnings, safety, and service has proven to be important in driving the growth of the business in its early stages.

Products & Services Overview

- Ride-hailing and car sharing.

- Logistics (last mile delivery)

- Food delivery.

Assets Overview

Physical assets are office furniture, fixtures. Other assets are proprietary software, mobile application, and CRM system, driver management system.

Facilities Overview

The business has a 1,500 sq ft office and training center, leased for a period of 2 years.

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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