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Taxi Businesses Seeking Loan

Showing 1 - 1 of 1 Taxi Businesses Seeking Loan. Lend to a Taxi, Cab, Limo Service or a Limousine Business.

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Taxi Company Seeking Loan in Dhaka, Bangladesh

Application-based taxi service that has 25k+ downloads and completes 10-15 trips daily seeks a loan.
- The market in Bangladesh for vehicle support is very catastrophic due to many middlemen. - Customers often have to face inflated rates. - Moreover, the driver's attitude towards customers is often very offensive. - Security is also an alarming concern because sometimes customers have to face robbery. - We have already proven our value to the customers in these issues where customers can rely on an affordable, comfortable, and secure ride along by using our services. - We have provided our services to more than 10k+ customers. - Among them, our repeat number of customers is 70%. - We have high demand in the market but a lack of logistics support. - At present we can provide 10-15 trips daily whereas we get requests for 35-40 trips. - By proper marketing & logistics we can accelerate it up to 100 trips daily. - We own 5 cars & 300 aggregate cars from different vendors. - If we can add 20-25 more cars to our service then we will be able to aggregate 1,000 cars across the country. - This is needed for our business's strategic growth and sustainability. - We charge 10% as commission from the drivers which we will be increasing after capturing a wider market. - Our application has received 25k+ downloads on the Google play store and Apple store. - The business has 400 drivers enlisted as of now out of which we have 200-250 drivers actively using our platform. - We offer very competitive prices in the market.
6   Dhaka
Run Rate Sales
USD 160 thousand
EBITDA Margin
0 - 10 %
Business Loan
USD 90 K at 6%
Contact Business

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