Asking Price

560000

Description

Mobile ridesharing app with $70,868 in TTM revenue that provides commission-free ride-hailing service for drivers while traditional ridesharing services take 25-50% off fares as commissions, the app allows its drivers to keep the entirety of their fares for a monthly subscription. As a result of removing the commissions, the same rides on Uber/Lyft become 20% cheaper for riders while drivers make 20% more on the app.

✅ $70,868 in TTM revenue

✅ $6,877 in revenue last month

✅ Founded in 2019

✅ Tech: Node.js, Heroku, Swift, Kotlin

✅ Competitors: Uber, Lyft

Tech Stack

Node.js
Heroku
Swift
Kotlin

Competitors

Uber
Lyft

Growth Opportunity

The app has entered an interesting stage where it can utilize its playbook to simultaneously launch & scale multiple markets across the nation. The playbook provides systemized and prescriptive instructions for a Launcher to aggregate demand/supply and build a ridesharing market that captures 2-5% of the market share from Uber/Lyft in 8-10 weeks.

Once the app conquers the Big 10 schools, it will be in a terrific position to enter city markets where there will be an opportunity to grow 100x or 1000x.
Increase pricing
Expand to new markets

Key Assets

Playbook to launch new markets and transport 10,000 students on a large college campus (40,000+ students) in 8 weeks.
Ridesharing network that processes $100k in monthly GMV.
Surge pricing algorithm
Licenses to operate ridesharing services in IN, IL, PA, GA, FL and know-how to obtain licenses in all 50 states
Passionate driver community excited about taking down Uber/Lyft
Proprietary software that makes commercial insurance costs 50% cheaper than industry average
Codebase and IP
Brand
Marketing materials
Customers
Mobile application

# of Customers

10,000-100,000

Team Size

2

Trailing Twelve Months Revenue (TTMR)

70870

Trailing Twelve Months Profit (TTMP)

0

Last Month's Revenue

6880

Last Month's Profit

0

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