App-Based Cab Platform Raising Funds In Mumbai
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About Business
The company runs an app-based cab service that offers both local and outstation travel. It connects passengers and drivers through a straightforward, user-friendly mobile platform, providing a well-organized alternative to traditional taxi services.
The main goal is to create a reliable transportation network for daily commuters and customers seeking intercity travel options.
Services Offered
The platform enables:
- Local city rides for everyday travel
- Outstation bookings for intercity trips
- Easy booking through a passenger mobile application
- A driver app for managing trips, accepting rides, and tracking
Both passenger and driver applications are fully developed and operational.
Current Traction
- Over 1,400 cabs and taxis registered on the platform
- More than 500 registered end users
- Ongoing daily bookings for local and outstation rides
Currently, the driver network is strong, while customer demand is still growing. This creates a good chance to increase ride volumes without needing to add many more vehicles.
Business Model
The company uses an asset-light model. Vehicles come from partnerships with drivers and fleets instead of direct ownership. Revenue comes from a commission on each completed ride.
This setup lets the business grow without heavy spending on vehicles.
Growth Opportunity
With the technology platform in place and a large fleet already registered, the immediate focus is on:
- Increasing daily ride frequency
- Expanding the active customer base
- Improving driver use
- Strengthening the presence in current and nearby markets
The operational groundwork is already established. The next step is focused on boosting demand generation and creating steady, predictable ride volumes.
Clientele type
The company serves ride-booking passengers as its primary customers, supported by a network of registered drivers and fleet partners on the platform.
Premises
The company has its registered office in Nashik, while the founder manages operations remotely from Mumbai.
Asking Price Includes
For marketing, staffing, office operations, call center support, and the technology team.
Asking Price
INR 5.00 Cr
Minimum ticket size
INR 5.00 Cr
Reason
The founders are seeking investment to support business marketing efforts and meet working capital requirements.
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Fundraising for ₹10 Cr – 500 Cr
Confidential Process Completed in 120 Days
Strategic Preparation, Aligned Investor Outreach and Seamless Closure
Supported by Advisors with 26+ Years of Experience
