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.
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)
Assets Overview
No hard/physical assets are owned by the business.
Intangible assets include business software and intellectual property.
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...
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Interested to connect with advisors
In talks with 3 Investors
Contact Business