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Taxi Startup Seeking Loan in Navi Mumbai, India

Pre-revenue taxi hailing app with 0 driver-commission and no surge pricing, built by industry insider.

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  Navi Mumbai
Local Time 1:43 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 480 thousand for 10.0% annual interest, 10 years (Native Currency: INR 45,000,000)
Reason: We are seeking funding to launch operations, execute large‑scale marketing initiatives, and build a ... View More
Collateral Available: USD 0
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Business Overview
- Pre-revenue taxi hailing company operating through a proprietary mobile application.
- Mobile app is live and available on the Google Play Store.
- Operates on a differentiated pricing model with zero commission charged to drivers. Will charge a fixed additional 10% service fee from customers.
- Guarantees no surge pricing and no ride cancellations, improving customer trust.
- Designed to address key pain points faced by both drivers and passengers.
- Focuses on fair earnings for drivers and transparent pricing for customers.
- Targets daily commuters and local travellers seeking reliable ride-hailing services.
- Built with ground-level operational insights from the driver community.
- Promoted by a founder with over 10 years of hands-on experience as a professional driver.
- Business model designed for rapid adoption through driver-friendly policies.
- Positioned as a disruptive alternative to commission-heavy ride-hailing platforms.
- Registered with the MCA, ensuring formal corporate compliance.
Products & Services Overview
On-demand taxi booking services via mobile app for daily commuters, offering transparent pricing and driver-friendly operations.
Assets Overview
Intangible assets include a live mobile application available on the Play Store, along with an established network of 1,500 onboarded drivers across Pune, Mumbai, and Nashik.
Facilities Overview
We are currently working from a home office.
Capitalization Overview
- Has no loans.
- 4 directors, out of which the promoter has a 70% stake.
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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