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Vehicle Rental Company Seeking Loan in Gurgaon, India

Provide cars on rent to corporate clients, seeking funds to enter ride hailing services.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 160 thousand
Run Rate Sales USD 180 thousand
EBITDA Margin 20 %
Industries Vehicle Rental + 1 more
Locations  Gurgaon
Local Time 10:43 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 33 thousand for 11.0% annual interest, 3 years (Native Currency: INR 2,500,000)
Reason: To promote our newly developed mobile app.
Collateral Available: USD 0
Includes physical assets worth USD 130 thousand
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Business Name
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Business Overview

Company provides cars on rent along with a driver to corporate clients in Gurgaon. We work on yearly contract basis and have 8 corporate clients. Our cars are 5 seater & 7 seater and in total we currently own 21 cars. Each car is less than 2 years old.

Since the company has strong presence in the B2B segment, we now plan to enter into B2C segment like Ola and Uber. We have already developed the Android app & a website and are looking to raise funds to promote our app. In the B2C segment, we will not use our cars but on-board partner drivers.

Founder of the business has 15+ years of industry experience. Business owned assets include 21 cars and office equipment. We have a total of 30 permanent employees of which 25 employees are drivers and rest 5 employees are admin staff.

Products & Services Overview

Provide cars on rent to corporate clients.

Facilities Overview

The below facilities are on rent:

- The corporate office is of 800 sq ft.

- Have a car parking space of 6,000 sq ft.

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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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