Ride-hailing service Shopicab is commencing its operations in Pune
17 October 2019, Pune- Shopicab the online cab booking has already commenced driver on-boarding in Pune and Kolkata.
Introducing Shopicab, a superior cab service with a motto of “Customers First” coupled with on-time services and low fares, ride after ride.
Shopicab will offer you reliable and affordable transportation options for everyone, everywhere at the tap of a button.
Over the years, commuters have not been offered stress-free alternatives nor has the industry been able to unlock the potential of ridesharing in India. Get ready; we are coming, now you no longer have to worry about booking a car in advance and coordinating multiple times with the driver. Just open your Shopicab app and get a car at the tap of a button.
Shopizio E-Commerce Ltd., the group company of Shopicab, has successfully established itself over the course of 25 years in Kolkata and is now here in Pune to set new standards as “cab booking aggregator” catering timely pick and drop, pocket-friendly as loaded with discounts, unique business model and innovative tech app.
Shopizio E-Commerce Limited incorporated its operations on 6th March 1995 in Kolkata and is registered with Ministry of Corporate Affairs and is the group company with subsidiaries in cab aggregator services, Agro Commodity trading, tele-shopping, Food Supplement Products, IT services & ITES, BPO, International Staffing & E- Commerce Marketplace.
Shopizio takes pride in mentioning that it is a “Debt Free Company” from its inception in 1995 till current day and is in the process of listing it equity shares on the BSE – SME exchange in the coming months.
Mr. Chittaranjan Roy – Managing Director & Promoter of Shopicab said, “The Company is launched with the sole purpose of bringing customers and drivers on a latest user-friendly mobile technology platform, ensuring convenient, safe, affordable, and comfortable personal transport for commuters. Shopicab is concentrating on leveraging the best technology and building innovative mobility solutions from scratch, which are going to be instrumental in revolutionizing the market by taking the commuting experience to an unprecedented level.
He appended, “In line with achieving set “GOALS”, within timelines, we invite investors to partner our success by funding our growth i.e. Venture capitalists, Angel Investors, Car Manufacturers, Law firms, Investment bankers and other strategic collaborators, are most welcome to join the journey.”
Shopicab app is for Android as well as iOS devices and uses Geo-location services to show the location of the cabs in real-time, enabling users to actually see their position and call for them immediately.
What make Shopicab stand out?
Team Shopicab has evolved strategies enabling us to stand- out with an industrial edge in our business segment, some unique highlights are :
- No surge pricing
- Customer-first approach
- 24X7 Helpline
- Innovative app
- Fares as low as Rs. 7.00 per Kilometer
- Safety ensured rides
- Latest GPS technology installed in every vehicle.
- Dedicated pick up and drop facilities for school students
- Ambulance services
- CCTV in each vehicle
- Eco-friendly operations
- Electric Mobility
- Pink Car’s – Women empowerment
- Specialized training for drivers
- Clean Cabs
- On- Time Cabs
- Multiple Payment Options
- ShopiCab Wallet
- Automated Instant Invoice
- Best Rated & Trained Drivers
- Skill Development of the drivers in association with various Government initiatives
- Corporate responsibility towards Cab drivers and their associates by providing them with accommodation, food mess, training, Insurance and medical insurance, car washing & Maintenance, Educational Facilities for their Children & many other initiatives to make their lives meaningful.
For Pune, Shopicab will have an interesting fleet of cars that include Hyundai i20, Renault Kwid, Datsun Go, Toyota Innova, Nissan Sunny etc.
The Market Size
Smartphone Penetration – In 2013 – 6% and May 2019 – 28% in metro cities, the penetration reached 60%-65% by Q1-2015.That is when and where the revolution of on-demand taxis began in India.
Penetration of app-based taxi services is only about 2 % (expected to hit 2.9 percent by 2023)
Indian Taxi Market –The Indian taxi market size was estimated at 1.9 million taxis estimated to generate $10 -$ 11 Billion revenue in 2019.
Unorganized Market -The unorganized small fleet operators account for ~91% market share in terms of registered taxi fleet. The arrival of on-demand taxi players has helped organize this market to a great extent.
Unique selling Proposition of Shopicab
No Surge pricing, Installation of CCTV, Introduction of a few ‘Pink Cab’s’ with women drivers ensuring safety of women passengers, Introduction of ‘Green Cab’ and Electric Mobility, robust lost-and found centre and many other innovative features in the offer to delight the commuter’s mobility.
On the financial front we are projecting a cumulative first 5 year’s gross billings to commuter’s of Rs. 18442 Cr with our “Net Effective Take” pegged at Rs 2766 Cr and a negative PAT of 180 Cr.
Early stage Funding – To Kick start the projects we are seeking funding of Rs. 25 crores either from angel, VC, QIB, Investment funds and other collaborator’s with vested business interests.
In further funding rounds we will be seeking Rs 175 crores to expand our operation to a total of 75 cities.
The exit options proposed to reward our investors would be either listing of shares, private placement, buy back option, Merger or acquisition.
To join forces for being a part of ShopiCab’s success, the company is inviting PE/VC, Angel Investors, HNIs, Car Manufacturers/ Dealers, Law/CA/CS/CMA Firms, Investment Bankers, FIIs, FDI, QS, QIBs, Brokers, Portfolio Managers and other Strategic Collaborators
