Daxidodaxido
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01 / 14The complete investment memo, on one page
Investment Memo · Seed Round · May 2026

The driver-cooperative
mobility platform
India was waiting for.

Uber and Ola take 25–30% of every fare. Daxido takes 11.8% — and lets drivers form geographic co-ops to collectively set their own fares, govern their own zones, and build long-term equity in the platform they power.

11.8%
Effective platform fee
10% commission + GST
−53%
Vs Uber / Ola
They take 25–30%
₹7,920
More per driver / month
On ₹60K gross fares
Half-commissionDriver co-opsDashcam-firstGST-native14 languages
Daxido — Choose your ride
Daxido · live in production
01Why now

The cooperative tailwind has arrived.

  • ▸Feb 2026 — Govt-backed Bharat Taxi onboarded 4 lakh drivers in 60 days. Cooperative model proven.
  • ▸Apr 2026 — Uber & Ola scrapped commission for autos in 7 metros, copying Namma Yatri.
  • ▸Driver associations across Delhi, Mumbai, Bengaluru organizing — they want a platform owned by them.
$3.77BIndia ride-hailing TAM by FY32
02Why us

We've shipped the platform others promise.

  • ▸Production Flutter rider + driver apps with 36 rider feature modules, in 14 Indian languages.
  • ▸Full Driver Co-op stack already shipped — zones, member governance, collective fare-setting, admin approval.
  • ▸Go gateway, 140 AWS Lambdas, Hungarian-algorithm matching, dashcam pipeline, GST auto-filing.
95Admin dashboard modules built
03The ask

₹16.5 Cr seed → 50K drivers → Series A.

  • ▸Launch Bengaluru, Hyderabad, Pune in 6 months — 10K driver-members each.
  • ▸Path to 50K drivers, 1M rides/month, ₹3 Cr MRR by month 18.
  • ▸Cooperative cap-table preserved under Multi-State Co-op Societies Act.
$2MSeed round · 18-month runway
Production status
  • Rider iOS + AndroidLive
  • Driver iOS + AndroidLive
  • Driver Co-op feature7 screens
  • Admin dashboard95 modules
  • SOS command centerLive
  • Real-time trackingGraphQL subs
  • Voice calling (Chime)Live
  • Razorpay + UPI + walletsLive
  • 14 Indian languagesShipped
Driver economics
Gross monthly fares₹60,000₹60,000
Platform fee₹15,000 (25%)₹7,080 (11.8%)
GST on commissionbundledauto-filed
Take-home₹45,000₹52,920
Path to subscription—Co-op vote
Uber / OlaDaxido
Founder · Daxido Mobility
World-class tech for India's drivers — already shipped.

Solo-built end-to-end: Flutter rider + driver apps, Go gateway, AWS CDK, ConnectRPC, Hungarian-algorithm dispatch, real-time tracking, full GST stack, dashcam pipeline, and the production Driver Co-op feature with zones, governance, and collective fare-setting.

developer@daxido.comRead full deck →
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