Car Towing & Recovery Startup Raising Funds In Bengaluru
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About Business
Service Type: Goods transport
Vehicle Types: Cars, Trucks
Fleet Size: 5–15
Operation Model: Own fleet
Geographic Coverage: Multi-state
Fleet Asset Value INR: 10–50L
Driver Management Model: All employed drivers on payroll
The Bengaluru-based startup is seeking ₹35 lakh in investor funding, with a proposed founder contribution of ₹5 lakh. The business will provide car towing and recovery services through both online and offline booking channels, allowing customers to book vehicles based on their requirements.
The initial fleet will comprise 5 second-hand recovery vehicles, estimated to cost approximately ₹7 lakh each. The funds will support vehicle procurement, compliance, and launch expenses, along with growth initiatives such as garage partnerships, fleet tie-ups, and digital marketing.
The business is led by two founders overseeing strategy, financial management, and growth. The proposed team includes five drivers and one marketing resource, supported by structured operations, safety standards, and strategic partnerships to establish a reliable towing service network in Bengaluru.
Clientele type
The business will serve car owners requiring towing and breakdown recovery services in Bengaluru, along with garages, automobile service centres, taxi and rental operators, and corporate fleet owners.
Premises
The business is in the pre-launch stage and is seeking a suitable 3,000 sq. ft. premises in Bengaluru to accommodate secure parking for five hydraulic tow trucks, along with a small office for administrative and fleet coordination activities. The location is yet to be finalised and will be selected based on accessibility, security, affordability, and proximity to key service areas.
What’s on offer
The business is seeking ₹35 lakh in funding to procure five hydraulic tow trucks in Bengaluru. The proposed investor arrangement offers a 15–18% share of profits generated by these vehicles, subject to mutually agreed terms. The agreement will define eligible expenses, profit-sharing arrangements, tenure, and exit terms, without providing equity ownership in the overall business.
Reason
Purchase machinery / equipment
Keywords
Business Tags
Fundraising for ₹10 Cr – 500 Cr
Confidential Process Completed in 120 Days
Strategic Preparation, Aligned Investor Outreach and Seamless Closure
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