Vehicle Rental Company Investment Opportunity in Bangalore, India

Online car service in the self drive space that provides daily and long term rentals.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 300 thousand
EBITDA Margin
18 %
Industries
Locations
Local Time
2:04 PM Bangalore
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 300 thousand for 10.0% stake (Native Currency: INR 20,000,000)
Reason: Looking to expand the business into other cities and also expand the fleet of cars that we own by 30... View More
Includes physical assets worth USD 700 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- We are a car on demand service for the self drive car space that is based in Bangalore and Mysore.

- Two founders have vast corporate experience in different sectors of more than 35 combined years.

- Currently we are operating in Bangalore and Mysore and we are looking to expand in the near future.

- Self drive services offered are daily car rental, long term rental, car leasing and cars on subscription.

- We have a total customer base of more than 18,000 users.

- Have a fleet of 55 cars that are owned by us.

- Currently adding about 40 new users per day and do around 400 rides per month.

- We have a sophisticated online portal and an Android mobile app with over 5,000 downloads.

- We have MoUs with other growing companies in similar sector like Taxshe, Jiffy cars, Zaggle.

Products & Services Overview

Daily car rental, long term rental, car leasing, cars on subscription.

Facilities Overview
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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