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Taxi Startup Investment Opportunity in Mumbai, India

App based auto rickshaw booking service with 7000+ registered driver, seeks investment to expand.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Taxi + 1 more
Locations  Mumbai
Local Time 10:04 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 270 thousand for 20.0% stake (Native Currency: INR 20,000,000)
Reason: Need funds to scale up the business pan India.
Includes physical assets worth USD 7 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- Tech-based cab aggregation company based in Mumbai.

- Customers can download the Android app and book a ride at a price lower than the competitors. iOS app is under construction.

- Currently, there are 1,000+ registered auto-drivers on our platform.

- There is a one time registration fee of INR 500 charged from the auto drivers. This is the only kind of payment charged from the auto-drivers initially to make the platform more accessible and economical.

- Another source of revenue is through advertisements. We will charge INR 1,000 from the brands who wish to advertise via posters on the auto rickshaw.

- We are in the planning and aggregation stage. Operations will be launched on field by the end of month.

- We have a tie up with Amazon AWS to provide the server and its associated assistance to the company.

- It is a unique startup developed to sustain the post-pandemic economical conditions for the masses and the cab drivers' community.

- Business is recognized by government initiative of Start Up India.

- The founder has experience of 10+ years in this industry.

- More information can be found in the pitch deck submitted.

Products & Services Overview

- Cab aggregator.

- Taxi/rickshaw services for daily travel.

Assets Overview

- Physical assets include office infrastructure and furniture.

- Our major asset is the Android mobile application and software.

Facilities Overview

Rental office space of 300 sq. ft on the 3rd floor of a mall at a prominent business place.

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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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