Taxi Company Investment Opportunity in Sydney, Australia

Innovative ride-sharing and taxi app currently having 2,000 customers and 1,000 drivers on boarded.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 26 thousand
EBITDA Margin
25 %
Industries
Taxi + 1 more
Locations
Local Time
8:18 AM New South Wales
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 3.4 million for 20.0% stake (Native Currency: AUD 5,000,000)
Reason: To scale the business across Australia and capture the market. Also, would use funds for marketing a... View More
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Business Name
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Business Overview

- A taxi booking and ride sharing mobile app in Sydney, Australia that started operations in 2019.

- Currently we have 2,400 registered users.

- We have on boarded 1200 drivers on our platform.

- Once a customer puts in their destination, drivers nearby will get an opportunity to bid for the ride based on how much fare they would charge.

- The bidding goes on for 60 seconds and then the decision is left to the customer based on the amount / driver / car they would like to pick them up.

- Prices may vary depending on distance of driver to customer's pick up point, model of the car, peak hour traffic.

- There is an upper and lower limit on how much the drivers will be able to charge / bid for.

- There have been 1,000+ rides taken through our app till date.

- Customer response has been very positive and we have grown organically.

- Currently operating in Sydney and intend to expand across Australia in the near future.

Products & Services Overview

Taxi and ride sharing application where drivers bid for the ride by quoting a price they will charge for the ride. Customers then make final decision on which ride they would like to take.

Facilities Overview
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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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