Cab Services Providing Startup Raising Funds In Hyderabad
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Product / Service
A taxi, rickshaw, and rental vehicle aggregating platform facilitates ridesharing by means of connecting passengers who are in need of rides from drivers with available cars to get from point A to point B with the press of a button.
Clientele type
A wide range of customers, including business travellers, tourists, vacationers, local residents, event attendees, corporate clients, families, special occasion celebrants, replacement vehicle users, those in emergency situations, students, test-driving customers, corporate executives, and sports and outdoor enthusiasts, offer versatile transportation solutions for various needs.
Premises
LEASED
Lease per month (in INR): 14,000
Security Deposit (in INR): 200,000
Carpet Area: 1,500 sq ft
They are operating remotely.
Asking Price Includes
The terms of transaction will be discussed with potential investors.
Reason
The incoming funds will be utilised to fuel innovation and growth. With sufficient funds, it will also enable the company to stay ahead of industry trends, enhance its service offerings, and maintain a competitive edge.
Other Details
They are in the pilot phase, in which they have completed 800 trips in under 20 days.
Charges are low as compared to competition, and they have collaborated with many drivers for their problems and what they want as a solution to resolve all the issues they are facing to make a better and more user-friendly platform for them.
In their team, there are four team member, and all four are family members. They are only charging INR 10 per ride, which is chargeable from the user, not from the rider, to attract more and more riders and make a sustainable and strong service base because there are more riders, users will have more opportunities and better facilities.
Business Tags
₹10 to ₹200 Cr
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