Cab Service Company Seeking Funds for Expansion

Joint Ventures

Services

04-11-2024

Listing Details : LB-13592

Investment Required	5 Crs
Turnover	1.5 Crs
Legal Entity	Private Limited
Category	Services
Sub Category	Mobility
Business Listed By	Business Owner

Contact Information

Overview

A Cab Service Company based in Bangalore is seeking funds for expansion. Established four years ago, our business offers city taxi, rental, outstation, and delivery booking services through a user-friendly app. With a user base of nearly 35,000 and a driver network of almost 16,500, we handle 800-900 bookings daily. Our app is accessible on both Android and iOS platforms, ensuring convenience for our customers. One of our key advantages is our competitive pricing, with charges 5%-10% cheaper than other players in the market. This affordability has contributed to our growing popularity among users. Now, we aim to expand our operations across Karnataka and eventually throughout India. To achieve this goal, we require investment to scale up our infrastructure, strengthen our driver network, enhance our technological capabilities, and invest in marketing and promotions. This investment will not only fuel our growth but also help us establish ourselves as a leading player in the cab service industry nationwide.

Year of Establishment

2020

No. of Employees

Current Status of Business

Running

Business Relocatable

Yes

Purpose of Joint Venture

Financial ()

Role of New Partner

Active

Property Type

Leased

Rental per Month

N.A

Proposed Deal Structure

N.A

Competition / Market

Yes we have some competition

Products & Services

Our business offers city taxi, rental, outstation, and delivery booking services through a user-friendly app. With a user base of nearly 35,000 and a driver network of almost 16,500, we handle 800-900 bookings daily.