Hassle-free Intercity rides
is setting the good standard for
safety while providing an innovative and affordabletransportation option to people all over the country.
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Core TeamAjay MehtaCo-founder and CEOQualification: B.Tech (Electrical) from BITS Pilani; MBA – IKP Experience : working with TCS for 9 Years as Program manager
Amit MishraCo-founder and COOQualification: B.E from Purnima college of Engineering, JaipurMBA from Poddar Institute of Management, JaipurExperience: working with Infosys for 4 years
Shivani MehtaCo-founder and CTOQualification: B.E from Arya Engineering College, Kukas, JaipurExperience: working with Infosys for 4 years
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Manoj SwamiAdvisorCEO of ABC Tech P LtdQualification: Electronics Engineering Graduate from IIT Delhi and an MBA from IIM AhmedabadExperience: served for more than 30 years with Bharti Group of Companies
Rohan ShindeAdvisorCEO of Znet P LtdQualification: MBA from IIM AhmedabadExperience: 15 + years of experience in Investment Banking / Corporate Development & Strategy
Vishal Vyasfull time employee, technical arti at Taxi for IndiaQualification: B.Tech (Computers) from JECRC, Jaipur Experience: working with TCS for 3 Years
Advisors / Key Employees
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Problem / Need
“Intercity Cab rides areFast and
Comfortable, butRidiculously expensive”
“Booking tickets also is so difficult, and they don’t
have any Internet facility”
“Intercity Bus rides are very Long,
Bumpy, Boring and Not very
comfortable”
“I wish somebody could come to pick up from home and save me from the
pain of going to the bus stand”
Intercity Shared cab service where customer:
• Pays just for one way and not for both the ways,
• Pays for one seat not for whole car
• Gets the luxury and comfort of a cab at the price of a bus ticket,
• Gets Free Wi-Fi to make his/her journey more entertaining,
• Gets a home pickup/drop and save time, money and
hassle.
Travel marketplace for aggregating Supply and Demand
• Taxi for India is providing commuting facility in AC cabs on shared basis Wherecustomers can do real time search, select taxi, make payments, Suppliers canupload catalogue, inventory and pricing. We also provide Customer support andvendor support.
• Taxi for India aims to build a platform which connect outskirts to main city tofacilitate thousands of commuters and become a safe, Comfortable, Affordable andreliable source of commuting.
• Supply Side:
• Taxi operators
• Taxi aggregators
• Customers:
• Business trips
• Holiday Travelers
• Personal visit , attending marriage etc.
Solution
Consumer Side:
Web, mobile app, call center interface for seamless search, booking and payments
Option to pay cash on completion of trip
Invoice by email for trip
Loyalty points awards scheme to encourage repeat usage
Security feature on app for self tracking and emergency alert
Supply Side:
App for trip management-trips done, fees settlement
Analytics for mileage optimization
Soft skills training and on-board for drivers
Growth Phase:
Online system for travel agents and other partners for taxi booking
Current matrix – completed -100 trips, daily online bookings of 2 trips, -350 app downloads, presence in 60+ cities around Delhi
Product Detail
History
September 2013Hired 5 taxis and did a pilot run for 2 months for Jaipur -Delhi
March 2013Idea stage
December 2013Co-founders left their jobs and started working full time
March 2015Launched App
May 2014Hired 10 more taxis for both routes
December 2014Received funding of INR 20 Lakhs
March 2016introduced 2 more routes –Delhi-AgraJaipur-Agra
Traction till today
Service is live across 100+ cities in North India
Website Consumer facing part is done Website with payment gateway integration, sms/email, Mobile App – 5000 downloads on Android PlaystoreBusiness traction 200 customer trips taken across North India 50+ driver/taxi operators in Network Run rate of 5 orders a day via organic efforts purelyCurrent Activities Add 5-6 people in operations in 1 month Create a driver/taxi operator network in 20 plus cities in north India Develop technology for supplier side Next realease 2.0 of android and iOS is half way through 10 full time and 5 part time employees are working including co-founders
Status of the App in last 1 year
0
100
200
300
400
Jan feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Inactive Users
Active users2
0
100
200
300
400
500
600
Jan feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
iOS
AndroidDownloads
Market Analysis And Research
Competitive AnalysisOnline Travel aggregators for outstation cabs
Clear car rental – offers two ways fares
Savaari – offers two ways fares
Taxi for Sure – Stopped outstation after OLA acquisition
Organized Players – Meru cabs, Carzonrent
Need to overhaul complete front end and back end systems to serve outstation taxis at affordable rates
Inertia in building completely new business
Currently charge premium rates for outstation travel
Local online + offline players – Gozocabs, Taxioneway
Ride-sharing – BlaBlaCar / Tripada – too many uncertainities/illegal
Unorganized and Offine players
Focus on aggregation, not on experience
One way fares not available
Booking and payment is manual
Lack of APIs/technology
Sales and Distribution
• Govt. tie ups• Become partner with make my trip, yatra.com, cleartrip.com
tie ups with• Tie ups with colleges and universities• Loyalty points awards scheme to encourage repeat usage and
referenceability• Offline partnerships with hotels for cross promotion
Sales and Distribution
Business Model
For a trip from Jaipur to Delhi
Revenue per trip – INR 6000
Commission per trip – INR 1200
Cost of customer acquisition – INR 100-200
Margin per trip – INR 1000
Admin and other costs 50%
Net Margins : 500 Rs / Trip
5 year planYear Taxis Rides Cities
2016 80 3000 15
2017 200 7,500 37
2018 500 18,750 90
2019 2000 46,875 225
2020 5000 1,17,187 500
*more details are available in the excel sheet attached.
1 year detailed plan
June 2016To expand to 4 more cities
May 2016To launch mobile version 2.1
August 2016To open offices in 3 more cities
March 2017To make a stronger presence in the northern region
November 2016To hire 3 managers for these 3 cities
January 2017To launch mobile version 2.2
Financial Plan
*Figures in INR crores*more details are available in the excel sheet attached.
Year 1 2 3 4 5
Revenue 1 4 20 100 500
Expenses 1.02 3.75 15 64 250
Profits -0.02 -0.25 5 36 250
Profit% NA NA 25% 36% 50%
Financial Statistics
Investment Rationale
Funding required = INR 1 Crore at 20% Equity in thecompany
Post-money Valuation = INR 5 crore
Return of Investment = targeting Valuation of 50 croresin next 3 years ; expecting revenue to grow by 20times (INR 20 Crores) in next 3 years
Exit Strategy to RAIN Sell out to existing players Buy our of RAIN shares in next round of funding
Fund Utilization
The funds allocation for every division is mentioned below
Marketing – INR 30 Lakhs
Technology – INR 30 Lakhs
Operations – INR 30 lakhs
Misc. – INR 10 lakhs
*more details are available in the excel sheet attached.