Fastag Services Providing Biz Raising Funds In Bangalore
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Product / Service
They are looking to be a partner with every traveler by way of being with them for all their needs throughout their journey from source to destination which includes roadside assistance, fuel needs, connecting B2B & B2C customer needs, insurance, etc., which leads to bringing all their needs under one roof.
Clientele type
They cater to every industry that requires traveling assistance.
Premises
LEASED
Lease per month (in INR): 80,000
Security Deposit (in INR): 500,000
Carpet Area: 1,300 sq ft
Asking Price Includes
The terms of transaction will be discussed with potential investors.
Reason
The incoming funds will be utilized to penetrate markets, adopt cutting-edge technologies, and ensure working capital stability.
Other Details
They are the key partner to the IDFC FIRST Bank Ltd. Fastag product for warehousing (Only B2C), distribution, and service of their fastag, operating PAN India. The National Highways Authority of India (NHAI) will be putting in place GPS-based toll collection on various routes across India to cut toll booth congestion. The field is ready to grab this business opportunity.
They have onboarded 2000 dealers and by the end of this year, they want to cover all the major cities.
• HPCL activity is one of the important activities and has a huge potential for expansion. Currently, only 10% are enrolled out of which only 34% are active.
• They are planning and projecting to increase the enrollment to 50% and to active outlets to 50% in the first phase impacting the revenue from the current Rs.53 Lacs to Rs.6.50 crores. At later phases, enhance the relationship by 20% at each phase.
• This being the case, the company wants to gear up by enhancing the activity, and in turn, They need to build a healthy team to manage the activities keeping the future prospects in mind.
Business Tags
₹10 to ₹200 Cr
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