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Taxi Company Investment Opportunity in Sydney, Australia

AI ride-sharing marketplace where riders get cheapest auctioned rides in 1-2 seconds.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Undisclosed
Run Rate Sales Undisclosed
EBITDA Margin Undisclosed
Industries Taxi + 1 more
Locations  Sydney
Local Time 3:56 PM Australia / Sydney
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 6.4 million for 20.0% stake (Native Currency: AUD 10,000,000)
Reason: To scale the business across Australia and other regions.
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Business Overview

- AI Product, Matured in 3+ years.

- Got selected in Top 10 in Unicorn Battles and also got selected in Top Innovative companies in Startup Grind.

• Massive Ridesharing and Taxi market.

• Expensive Fares.

• Growing Demand.

• Surge Fare Exploitation.

• Longer Driver Working Hours (12 hrs)

• Too High Uber Driver Fee (27.5%)

• Oversupply of Drivers (60,000+ active Only in Sydney and growing)

- Have created an opportunity for disruptive innovation to capture the established ridesharing and taxi market.

- We charge 5-10% commission from drivers, resulting in cheaper fares.

- Drivers being online on different apps also creates a fake shortage of drivers on some app platforms which in turn then hikes up the fare by up to 3 times more than rideshare and even taxi fares costing consumers more money.

- Destination, Km, and Time are very critical in the ridesharing/taxi industry, to find good longer fares drivers even travel vacant to high-demand areas to hunt and lock good trips.

- Shorter, stuck in high traffic, and the trip towards low-demand areas ruins the driver's whole day.

- We have developed an innovative AI ridesharing marketplace where riders get the cheapest auctioned fares within 1-2 seconds.

- The marketplace provides power to riders and drivers where riders choose the price and car from several options, rider may choose to pay more for a better car or closer driver, or less for other options.

- Drivers also have the power to accept or reject as the destination and price is shown upfront hence not enforcing trips resulting in lesser cancellations and higher acceptance rates.

- Our product is highly intelligent where the system places auto or augmented intelligent bids based on the driver’s eta to the rider, his car, and drivers preferences and also makes sure 24/7 as a B2C to beat all market prices to give riders discounts.

- Our aim is to create the ridesharing marketplace with a B2C model in the beginning and truly make it a marketplace in a short time with a little B2C assistance. The service and marketplace together will change the trends as riders will continuously get the cheapest auctioned rides.

Our application empowers.

1. Passengers choose auctioned fares from a variety of nearby drivers based on their ETA, car, and ratings.

2. driver to choose medium to longer prime trips on better-agreed fares to save time and earn more.

The auction factor gives great control to passengers to negotiate good deals and choose better cars. Drivers also get the control to choose their favorite trips and make more money.

In addition to ridesharing, our product also provides and promotes taxis in order to provide a fair chance to all drivers in the marketplace.

- We operate on lower (performance-based) commissions reducing the fares by 25%+, without even running ongoing investor promotions.

- The owner has 18+ years of experience in software architecture, engineering, and security.

- 2+ Years of experience as a rideshare driver to build and grow the mature product, customer, and driver base. To understand consumer and driver behavior, market segmentation, and to master the ridesharing science.

- The company is a sole proprietorship and has no debts or liabilities.

Products & Services Overview

AI ridesharing, food delivery, parcel delivery, and AI taxi network.

Assets Overview

Primary intangible asset is the application and business patents.

Facilities Overview

Currently operating from an offshore office and home office space.

Capitalization Overview
Not Disclosed
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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