Toracabs Technologies PVT LTD
Investment Size INR 1 Cr - 2 Cr
Franchise Outlets Less than 10
Ride-haling, really? But its in shambles now! Im sure these are your first thoughts. However, we are quite bullish that the ride-hailing industry is ripe for a revolution and we are its future.
Cab aggregators have made transportation dependable and easy to access. But that came at the expense of not only the drivers, who now bear the brunt of crippling commissions, but also the riders who are forced to pay unreasonable fares based on opaque pricing algorithms.
We are here to change that, and help ride-hailing reconnect to its founding promise of fairness and transparency.
We have successfully on-boarded over 20k drivers and have 185K installs and completed 100K+ rides in a short span. Additionally, the acquisition costs are jaw-droppingly low at Rs. 400 per driver and Rs. 20 per rider. This successful beta launch in Hyderabad is evidence of an impending paradigm shift. It proves that the market is ready to accept our innovative business model.
Tora is a zero commission and zero surge transportation platform aimed at improving driver earnings and decreasing prices for the riders. For drivers, we offer a daily subscription or a minimal fee per ride and, importantly, instant payments. For riders, we offer pricing with zero dynamic surge.