Taxi Business Investment Opportunities in Asia

- Top-selling products and services include cab aggregation, inter-city rides, ambulance bookings, chauffeur services, and vehicle leasing. These services cater to a wide range of users, from individuals seeking convenient transportation options to vehicle owners looking to lease their cars through the platform. Customers can easily access these services through the mobile app and website, providing a seamless and efficient way to book rides, ambulances, chauffeurs, and lease vehicles for various transportation needs. - A booking fee of ₹10 per booking is charged whenever users book any ride such as a bike, auto & car cab, inter-city cab, rentals, or ambulance booking through the app or website. - We expect to launch operations in the next 3 months, our app is under construction. - Promoters have 6 years of experience in running and managing similar businesses. - Legal compliance includes license incorporation and GST registration. - Company is operating from Noida, but registered in Hathras, UP.

- The company offers a comprehensive feature set aimed at enhancing the experience for both drivers and passengers. - For users, the app provides a transparent bidding system, allowing them to set their budget and select drivers with the most competitive bids. - Real-time tracking feature enables users to track their driver's location on a map, ensuring a stress-free waiting experience. - Secure payments are facilitated through cashless options within the app, ensuring convenience and safety for users. (Note: Currently cashless only) - Users can make informed decisions with access to driver reviews & ratings, helping them choose drivers based on previous user experiences. - Multilingual support is available, with the app interface and user support provided in English and Konkani, with plans for further language expansion. - For drivers, the app offers competitive bidding, allowing them to earn based on offering attractive fares to passengers. - Flexible work schedule enables drivers to manage their availability according to their lifestyle, optimizing their earning potential. - Direct customer connections enable drivers to interact directly with passengers, providing a personalized experience and better understanding their needs. - Full fare collection allows drivers to keep a larger share of their earnings by collecting the entire fare directly from customers. - Multiple ride options cater to diverse user needs, including daily rides, scheduled rides, outstation rides, and full-day bookings. - The promoters of the company bring six years of experience to the business. - The company is registered and has applied for a startup certificate. - The revenue model involves commissions on each ride, ensuring sustainability and growth for the business.

- Multiple offerings: The company provides diverse products and services, encompassing ride-sharing (bike & car), food delivery, logistics, online bus booking, local services booking (electrician, plumber, home repair, movers & packers, and more), car rental service, and software & technology development ventures. - Extensive customer base: With 5 million clients, the company has established a significant presence in the market. - Revenue streams: The business employs a robust revenue model, incorporating ride-sharing rider activation charges, customer service charges, and service fees for parcel, food, and various other services. - Online presence: Operates primarily through online platforms, facilitating easy access to its services. - Global reach: The company engages in outsourcing worldwide, expanding its footprint beyond local boundaries. - App popularity: The ride-sharing app has garnered 100k on Google play downloads, reflecting its popularity among users. - Seasoned leadership: The promoters bring years of valuable experience to the table, contributing to the company's success. - Core focus: The primary vertical of the company is its ride-sharing app, emphasizing its commitment to this core aspect of the business. - Current employee count necessary to manage demand. - We have a valid business license.

- Upcoming ride-hailing platform set to be released all over India. - We will be starting operations by the start of next year. - We have two offices one in Chennai for marketing and one in Udupi out of which we will be running our operations. - Promoter is an alumnus of IIM-K with 18 years of experience actively running 2 companies and has won the award for emerging startup of 2023, India. - We have GST and startup certificate.

- The company is a technology-based business located in Bangalore, India. - It has both offline and online services, with 95% of its services being offline, and plans to start online services within 6 months. - It has generated good revenue, though the margins are low, and we are looking to expand nationwide with the help of investments. - We are also in talks of a merger with a famous transport company from Bangalore. - We have a tech team of 10 that is working on the website and app.

- We are an IT start-up with a functional proof-of-concept for a mobile application. - We intend to develop a mobile application that will be like a search engine platform for service providers and customers. - The service providers will be taxi drivers, cab drivers, and rickshaw drivers. As of now we have done a market survey of 10,000 potential drivers and have received a positive response. - Business will be different from its competitors like Uber and Ola as we will offer the service providers to charge a rate based on the services they perform rather than fixing a rate and the customers will have a choice to choose a driver. - We will generate revenue from a monthly subscription model for the drivers and will charge a basic per kms fee from the customer. - Business does not have any loan and is has 4 shareholders out of which 2 are directors of the company. The shareholding pattern is 10:10:40:40. - The work on the application is yet not started but we intend to have an in-house team for the development and maintenance.

- We are offering corporate cab services, taxi services for airport transfers, and outstation taxi services in Bangalore, Mumbai, Chennai, and Hyderabad. - We have 3 companies as our regular customers. Our customers are Microsoft, Linkedin, and Amazon. - Currently, we have tied up with 60 vendors in different cities and do not own any vehicles. - We generate revenue by charging the customers on per trip basis. - We also started inter city cab services for individuals as well. - On average, we receive 10 to 15 bookings in total per day. - Our business started it's operations few months back in this year and we plan on developing a mobile application in the future. - Business does not have any loan and is run by 2 owners, one holds 80% stake and the other holds 20% stake in the company.

- Online cab booking service with mobile application company for online cab booking services. - We are currently providing services only in Indore and Bhopal. - The company started recently and has over 400 drivers on contract with a 20% commission basis. - There are over 900 bookings daily in total. - Company has 2 directors with equal shareholdings and has no debts or liabilities. - The registered office is in Bhopal but the operational office is in Delhi.

- Our company provides taxi services for a variety of travel needs & requirements of our clients. - We do not own any vehicles and have affiliations with over 500 taxi drivers across India. We simply take bookings & outsource the services to our affiliates. - Our company earns a margin between charging our clients & paying our affiliates. This is the entire source of revenue for the company. - About 30 percent of the revenue is generated through independent clients. The remaining 70 percent is generated through our network of over 40 corporate clients. - These clients take our services to pick & drop their employees from their respective residences. The revenue from this stream has drastically reduced due to the effect of the pandemic. We charge them a monthly fee for these services. - Our business was incorporated into a private limited entity about 7 months ago. We are looking to digitalize our taxi booking services through our proprietary platform. - The mobile applications are currently under development & will be launched within a few weeks. Our services won't include radio taxi booking. - Users will simply be able to choose the kind of services they wish to avail themselves, the kind of car they want, the pick & drop destinations, along with the duration for which they require the vehicle. They will be charged a nominal rate & will be able to pay through the app itself. - We continue our conventional business operations and also launch the digital portal as another line of operations under our company itself. More details about the platform will be shared with serious investors. - The prospective investor will receive a 10 percent ownership in the registered business entity which includes the conventional taxi booking services for corporates & independent clients along with the digital platform for booking taxis. - The business is extremely valuable due to our niche idea & enormous growth potential in the future. The valuation is based on our own estimate. - Our business is entirely debt-free with no outstanding business loans, overdue, or defaults. - The company has two directors and each owns an equal 50 percent of the business. There are no outside investors or shareholders.

- Mobile application for booking taxis and delivery of goods. - The application has been developed in-house and was launched 4 months ago. - We have 1,400 freelance drivers and 20 dedicated drivers who are paid a salary. - We charge a 20% commission from freelance drivers. - The business plans to eventually phase out the freelance model and build its own fleet. - Have over 40,000 customers (40,000+ downloads via App Store and Play Store) in Qatar. - Application has not yet become profitable. - The business (app) operates under the parent company. - This application will be registered as a separate legal entity, where the investor will receive a 50% stake and the other 50% will be held by the parent company.