Taxi Company Seeking Loan in Dhaka, Bangladesh

- The market in Bangladesh for vehicle support is very catastrophic due to many middlemen.

- Customers often have to face inflated rates.

- Moreover, the driver's attitude towards customers is often very offensive.

- Security is also an alarming concern because sometimes customers have to face robbery.

- We have already proven our value to the customers in these issues where customers can rely on an affordable, comfortable, and secure ride along by using our services.

- We have provided our services to more than 10k+ customers.

- Among them, our repeat number of customers is 70%.

- We have high demand in the market but a lack of logistics support.

- At present we can provide 10-15 trips daily whereas we get requests for 35-40 trips.

- By proper marketing & logistics we can accelerate it up to 100 trips daily.

- We own 5 cars & 300 aggregate cars from different vendors.

- If we can add 20-25 more cars to our service then we will be able to aggregate 1,000 cars across the country.

- This is needed for our business's strategic growth and sustainability.

- We charge 10% as commission from the drivers which we will be increasing after capturing a wider market.

- Our application has received 25k+ downloads on the Google play store and Apple store.

- The business has 400 drivers enlisted as of now out of which we have 200-250 drivers actively using our platform.

- We offer very competitive prices in the market.

Intercity service.

Decorated wedding cars.

Tour package within the country.

Tangible: 5 cars, office equipment, etc.

Intangible: Apps both in the Google play store & Apple store, website, customer database, software, brand value.

The office of the business is in the residence of the owner in the Moghbazar area covering 700 sqft.

We have invested around BDT 2.5 crores from our own funds for the establishment so far. We have BDT 70 lakhs of debt acquired from a bank very recently. We are 4 shareholders from the very beginning.