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Taxi Startup Investment Opportunity in Coimbatore, India

Ride booking company targeting to operate in and around Chennai seeks investment, with 820 drivers.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Taxi + 1 more
Locations  Coimbatore
Local Time 8:23 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
INR 50 lakh for 49.0% stake (Native Currency: INR 5,000,000)
Reason: In order to operate its ride booking services within the Chennai vicinity, the company is seeking in... View More
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Business Name
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User Verification
Documents
Udyam Registration
Business Overview
- Despite not being operational yet, the company boasts an active app recently developed.
- The app has undergone testing and has garnered registration from 1,800 users.
- Presently, there is contact established with 820 drivers, comprising predominantly of auto drivers (approximately 600), alongside bike and car drivers.
- The owner's plan entails initiating commission collection from drivers starting next month.
- Initial services are targeted within Chennai and surrounding areas, with a primary focus on ride bookings, with future plans for expansion into delivery services.
- The company has Udyam registration.
Products & Services Overview
Currently prioritizing ride bookings, the business is strategically poised for future expansion into a delivery service booking app.
Assets Overview
The business operates without any physical assets, as the autos, bikes, and cars utilized for its services are owned or rented by the respective drivers themselves.
Facilities Overview
Currently, the company does not have any physical office as the bikes, autos are carried by the drivers themselves.
Capitalization Overview
- The company has no prior loans/debts.
- It operates as a sole-proprietorship.
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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