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Taxi Company Seeking Loan in Jaipur, India

Company planning to provide online cab booking service seeks funding to kick start operations.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Taxi
Locations  Jaipur
Local Time 12:08 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 60 thousand for 11.55% annual interest, 3 years (Native Currency: INR 5,000,000)
Reason: I am seeking funds to start the business and for developing the IT infrastructure and application de... View More
Collateral Available: USD 0
Interested to connect with advisors
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Business Name
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Documents
Business Overview
- Company plans to launch an online taxi booking service covering 26 districts in Rajasthan in 4 - 6 months.
- Additionally, we plan to provide ambulance booking services for emergencies.
- The districts that we plan to cover are currently not supported by Ola and Uber.
- Promoter is a retired army officer.
- Company is in contact with up to 7,000 drivers and has received confirmation from more than 5,000 drivers.
- We have 5-7 employees for customer support, and remaining employees work from home.
- Platform development and application development are being outsourced.
- Website is under development and will be available by next month.
- Revenue model: 7% (excluding 5% charged by government) on taxi charges. We do not charge for ambulance booking services.
Products & Services Overview
Online cab booking service.
Facilities Overview
Rented office 500 sq ft for INR 6,000 p / m.
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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