Vehicle Rental Company Seeking Loan in Bangalore, India

Monthly bike rental company having over 3,000 monthly customers so far.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 500 thousand
EBITDA Margin
30 %
Industries
Locations
Local Time
5:38 AM Bangalore
Listed By
Management Member
Status
Active
Overall Rating
Seeking Loan
USD 5 thousand for 15.0% annual interest, 3 years (Native Currency: INR 360,000)
Reason: Investor would have to take a loan of INR 3.6 lakh to buy 5 bikes. The loan would have a downpayment... View More
Collateral Available: USD 0
Includes physical assets worth USD 330 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
AOA
GST Certificate
COI
Business Overview

- We are a bike rental company offering monthly rental services in Bangalore.

- Have served over 3,000 monthly subscription customers so far.

- Company has close to 1000 bikes and we have a utilization rate of 97%.

- We have been recognized by Inspiration Unlimited Magazine in their articles.

- Company has raised seed funding round in 2018.

- Looking for investment for investors to purchase bikes.

- Investor would have to take a minimum loan of INR 3.6 Lakhs and make a downpayment of INR 72,000 for the same.

This will be used to purchase 5 bikes.

- Investor would receive INR 2,412 per month per bike from us and would have to service the loan.

- This arrangement would be for 3 years. Post that ownership of those 5 bikes would be transferred to the investor.

Products & Services Overview

Total of 14 bike models available for 1, 3, 6 or 12 months rent.

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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