Taxi Startup Investment Opportunity in Chennai, India
Invest in pre-revenue student safety mobility/taxi app with innovative subscription-based model for drivers.
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Taxi + 1 more |
| Locations | Chennai |
| Local Time | 5:23 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
75 thousand
for
15.0%
stake
(Native Currency: INR 6,400,000)
Reason: We are seeking an investment to capitalize on the growing demand for safe, reliable, and affordable ...
View More
Includes physical assets worth
USD
820
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Ownership Structure
(11.7 KB)
Business Overview
- The business is a pre-revenue mobility platform based in Chennai that provides zero-commission taxi services and a safe school commute solution through a mobile app, tailored for urban commuters and children's safety.
- For the ride-hailing service, drivers will pay a subscription fee to access the platform, allowing them to keep 100% of their earnings, making it an attractive option for drivers and enhancing their income potential.
- The school commute solution offers secure and reliable transportation for children, equipped with tech-enabled live tracking features and verified drivers, catering especially to parents and educational institutions.
- Plans on operating in Chennai, Coimbatore, and Hosur, and the platform has successfully onboarded over 2,500 drivers and completed more than 1,000 rides, indicating swift expansion and user adoption.
- The company will generate revenue through a subscription model for ride-hailing drivers and will charge a per-ride/platform fee for the school travel service, ensuring diversified income streams.
- Founded by an individual with practical experience in mobility tech, the company has established strong community ties with drivers, parents, and schools, fostering trust and engagement.
- The business has been selected under ASIIM, recognizing our commitment to inclusive and impactful innovation.
- Recognized by Startup India & DPIIT, the business highlights its innovative approach in the mobility sector, enhancing its credibility and potential for further growth.
- For the ride-hailing service, drivers will pay a subscription fee to access the platform, allowing them to keep 100% of their earnings, making it an attractive option for drivers and enhancing their income potential.
- The school commute solution offers secure and reliable transportation for children, equipped with tech-enabled live tracking features and verified drivers, catering especially to parents and educational institutions.
- Plans on operating in Chennai, Coimbatore, and Hosur, and the platform has successfully onboarded over 2,500 drivers and completed more than 1,000 rides, indicating swift expansion and user adoption.
- The company will generate revenue through a subscription model for ride-hailing drivers and will charge a per-ride/platform fee for the school travel service, ensuring diversified income streams.
- Founded by an individual with practical experience in mobility tech, the company has established strong community ties with drivers, parents, and schools, fostering trust and engagement.
- The business has been selected under ASIIM, recognizing our commitment to inclusive and impactful innovation.
- Recognized by Startup India & DPIIT, the business highlights its innovative approach in the mobility sector, enhancing its credibility and potential for further growth.
Products & Services Overview
- Our ride-hailing platform will offer a zero-commission model where drivers keep 100% of their earnings by paying a subscription fee.- Our school commute solution will provide a safe, tech-enabled transportation service with live tracking and verified drivers.
Commuters will use the ride-hailing service for affordable daily travel in cities like Chennai and Coimbatore.
Parents and schools rely on the school commute platform for secure and dependable student transportation.
Both services are accessible via a mobile app, ensuring convenience, transparency, and peace of mind.
Assets Overview
Tangible assets:* 1 laptop.
* 2 tablets.
Intangible assets:
* Brand logo and registered trademarks.
* Customer database (parents, schools, commuters).
* Driver database (2,500+ verified drivers onboarded).
* Proprietary mobile app for taxi and school commute services.
* Software licenses and subscriptions (including cloud services like AWS).
* Business goodwill and reputation in target markets.
* Partnerships and contracts with drivers, schools, and parent communities.
* Digital assets including domain names, website, and social media profiles.
Facilities Overview
We are operating in a coworking space of 5 seats in Chennai.
Capitalization Overview
The company has successfully raised INR 20 lakhs to fund its pilot phase, during which it completed over 1,000 rides and onboarded more than 2,500 drivers across key cities like Chennai, Coimbatore, and Hosur. The business is currently debt-free, with no outstanding loans or liabilities.The ownership structure consists of three founders holding 57%, 20%, and 19%, along with one investor from Hosur, who holds a 4% stake. This strong foundation positions the company well for its next growth phase.
Recent Activity
-
2 days, 17 hours agoHedger, Wealth Management Services, Chennai, Individual Investor / Buyer connected with the Business
Tags:
Limo Service Startup Investment Opportunity in Chennai, India
·Limousine Startup Investment Opportunity in Chennai, India
·Taxi Startup Investment Opportunity in Chennai, India
·Limo Service Startup Investment Opportunity in Madras
·Cab Startup Investment Opportunity in Chennai, India
·Mobile App Investment Opportunity in Chennai, India
·Limousine Startup Investment Opportunity in Madras
·Phone App Investment Opportunity in Chennai, India
·Invest in Limo Service Startup in Chennai, India
·Taxi Startup Investment Opportunity in Madras
·Invest in Limousine Startup in Chennai, India
·Cab Startup Investment Opportunity in Madras
·Mobile App Investment Opportunity in Madras
·Limo Service Startup Investment Opportunity
·Phone App Investment Opportunity in Madras
·Limousine Startup Investment Opportunity
·Investment Opportunity in Chennai, India
·Invest in Taxi Startup in Chennai, India
·Invest in Limo Service Startup in Madras
·Invest in Cab Startup in Chennai, India
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
1 Investor contacted this Business this week.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 123,500+ other businesses of all sizes.
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