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Mobile App Investment Opportunity in San Francisco, United States

Disruptive startup in mobility space with 4,500 users for beta program /$126M expected year-2 revenue.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity C Corporation
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Mobile Apps + 1 more
Locations  San Francisco
Local Time 8:47 AM America / Los Angeles
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 1.2 million for 10.0% stake (Native Currency: USD 1,200,000)
Reason: Need capital to prove our model in San Francisco. Funds will be used for: - Beta test in San Franc... View More
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Business Overview

- First-mover advantage.

- Co-founders spent USD 150K.

- Unique business model.

- Fully-automated restaurant rideshare app that offers free rides to dine-in customers.

- The first company to provide free rides.

- World-class management team; deep roots and experience in app software.

- Within 3 years, the ride-hailing market size is expected to be USD 74.45 billion.

- Beta testing was done in San Francisco with 4.5K users and 32 drivers.

- Increased restaurant’s AOV by 30%

- Product is done in-house with the current team (really important because we own the technology).

- USD 50k investment received from the most active accelerator in the world (Plug and Play Accelerator)

- We charge 20% of the customer spending (If a customer spends USD 100 at the restaurant, we charge USD 20)

- Drivers make 70% of how much the rider or the restaurant pays.

- We won’t own the cars. Drivers drive their own cars.

Products & Services Overview

Rideshare app that works with local restaurants to offer free rides which are paid for by the restaurants based on minimum spending.

Assets Overview

No hard/physical assets are owned by the business.

Intangible assets include business software and intellectual property.

Facilities Overview

Marketplace business that can be conducted from anywhere in the world. Our company is based in San Francisco, California, and has remote employees from Turkey.

Capitalization Overview

- The founders have bootstrapped this business. (over USD 150K spent in total)

- USD 50K Investment received by the most active accelerator in the world (Plug and Play Accelerator)

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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