Business Overview
- Received over 30 national tourism awards.
- < 100% Y2Y growth. Pre-Covid sales stood at INR 140 crore and we have now recovered to that level.
- Clients include Google, JP Morgan, Samsung, BNY, BCCI, BMW, Hughes, Citi Bank, Bain and co, EY.
- We have 3-year contracts with these corporate clients.
- We get customers due to a strong sales and marketing team:
• Social media team of 2.
• B2B sales team of 15.
• B2C sales team of 4.
- Revenue split between domestic and international is roughly 88:12 respectively. (India and GCC operations).
- Mixed model of employment. 160 drivers are on our permanent payroll while 340 are business partners.
Products & Services Overview
Complete car rental solutions with options for renting SUVs, luxury cars, and even self-drive cars. We also provide:
- ETS (employee transportation services)
- Corporate car rentals.
- Fleets for events.
Capitalization Overview
The business's debt is INR 40 cr and its equity is 13 cr.
The company has three shareholders (all from the same family) in a 49:26:25 split.
Assets Overview
Tangible assets - Fleet of 390 vehicles with a value of about INR 47 crore; other assets like servers, computers, solar panels, and office fixtures have a value of INR 3 crore.
Partial Stake Sale
USD
10 million
for
45.0%
stake
(Native Currency: INR 900,000,000)
Reason:
The market is getting reorganized since Covid, we foresee a massive upside vis-a-vis revenue with go...
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Includes physical assets worth
USD
5.6 million
Interested to connect with advisors
In talks with 3 Investors