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Vehicle Rental Company Investment Opportunity in Bangalore, India

Online car service in the self drive space that provides daily and long term rentals.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 200 thousand
Run Rate Sales USD 260 thousand
EBITDA Margin 18 %
Industries Vehicle Rental
Locations  Bangalore
Local Time 10:34 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 240 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 600 thousand
Interested to connect with advisors
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

Bengaluru Facility: HQ - 10,000 Sq Ft total, 2,000 Sq ft built up area, Rented.

Mysore Facility: 20,000 Sq ft, 3,500 Sq Ft built up, Rented.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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