Taxi Startup Investment Opportunity in Bangalore, India

Bangalore based firm offering mobile app for autorickshaw booking.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 16 thousand
EBITDA Margin
Operating at break even
Industries
Taxi + 1 more
Locations
Local Time
2:56 AM Bangalore
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 27 thousand for 30.0% stake (Native Currency: INR 2,000,000)
Reason: To invest into marketing.
Includes physical assets worth USD 670
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview

- Mobile app for booking autorickshaws in Bangalore.

- The business has been in operation for only 2 months and has been able to secure 1,800 app users.

- The business has not invested in marketing or price discounting so far.

- 40% of all planned trips are converted into rides.

- Have signed up 1,400 drivers in 2 months.

- Do not charge a commission for each trip and currently offer the app for free to the drivers.

- When the business gets more traction, we will be introducing a fixed, nominal monthly subscription fee for the drivers each month.

- We do not follow a surge pricing policy and implement a standardized fare policy equivalent to the meter charge.

- The app is currently available for the Android platform.

- We intend to launch the app for the iOS platform and begin offering taxi booking services shortly.

- The promoter has nearly 20 years of experience in the transportation industry.

- The investor will own a proportional share of the business.

Products & Services Overview

Mobile app for booking autorickshaws in Bangalore.

Facilities Overview
Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
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.
You might also be interested in these businesses

Frequently
Asked
Questions

  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How can I be sure that the business profile will be active?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more