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Vehicle Rental Businesses Seeking Loan in Gurgaon

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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.
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.
6.8   Gurgaon
Run Rate Sales
USD 180 thousand
EBITDA Margin
20 %
Business Loan
USD 34 K at 11%
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