14 / 14The Ask · Raising ₹16.5 Cr / $2M Seed
Help us build the
first driver-owned
mobility category in India.
We're raising ₹16.5 Cr / $2M on a ₹66 Cr / $8M post-money SAFE — 18-month runway to launch Bengaluru, Hyderabad, Pune; reach 40,000 driver-members; and price our Series A at category leader.
Use of funds · 18 months
Driver onboarding + member kit (incl. dashcam hardware)₹6.9 Cr · 42%
City launch ops (Bengaluru, Hyderabad, Pune)₹3.6 Cr · 22%
Engineering + product team (10 hires)₹3.3 Cr · 20%
SOS command center + safety ops₹1.3 Cr · 8%
Compliance + cooperative governance₹0.8 Cr · 5%
Marketing + driver-member acquisition₹0.6 Cr · 3%
Total raise₹16.5 Cr
Equivalent to ~$2M at ₹83/USD. SAFE convertible at Series A priced round (target ₹250–400 Cr post in 18–24 months).
Target close
60 days
Lead investor + 2–3 strategic angels
Instrument
SAFE / Cap-MFN
₹66 Cr post-money valuation cap
Cooperative cap-table
Preferred preserved
Driver members retain majority economics at exit
Reserved allocation
₹2 Cr
For mobility-aligned strategic angels
Reporting cadence
Monthly
Audited driver count, GMV, ARR, dividend coverage
What this seed buys you
01
Tech that's already built
No 18-month build risk. Day-one production deployment.
02
Tailwind already arrived
Bharat Taxi proved the demand. Uber/Ola pivoting validates the model.
03
Founder who shipped the stack
Solo-built end-to-end. Operator, not a deck-pitcher.
04
Co-op moat
Once 10K drivers own the platform, no incumbent can dislodge them.
05
71× LTV/CAC unit economics
Subscription + cooperative loyalty = best ratios in Indian consumer.
06
Path to category leader
₹173 Cr ARR by Y5. Series B at ₹2,500–4,000 Cr.
Ready to back this?
Let's build India's first driver-owned mobility platform — together.
pitch.daxido.com · confidential · May 2026