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Taxi Startup Investment Opportunity in Chennai, India

Upcoming ride-hailing app, targeting rapid expansion by launching in 100 cities.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Taxi + 1 more
Locations  Chennai
Local Time 1:11 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 116 thousand for 10.0% stake (Native Currency: INR 10,000,000)
Reason: For marketing and hiring employees across 100 cities at a go. Our valuations are based on our revenu... View More
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Business Overview
- Upcoming ride-hailing platform set to be released all over India.
- We will be starting operations by the start of next year.
- We have two offices one in Chennai for marketing and one in Udupi out of which we will be running our operations.
- Promoter is an alumnus of IIM-K with 18 years of experience actively running 2 companies and has won the award for emerging startup of 2023, India.
- We have GST and startup certificate.
Products & Services Overview
We will be providing commuting services through our apps.
Assets Overview
Intangible assets include software with source codes.
Facilities Overview
We currently have two offices under construction in Udupi and in Chennai.
Capitalization Overview
No debts, the promoter has invested their own money in developing the application. Around 50 lakhs have been invested in app development.
Recent Activity
  • Earlier than 15 days
    Owner, Food Products, Erode, Individual Investor / Buyer connected with the Business
  • Earlier than 15 days
    Director - Strategy & Operation, Chennai, Financial Consultant connected with the Business
  • Earlier than 15 days
    Founder & CEO, Chennai, M&A Advisor connected with the Business
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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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