Business Categories
Car Rental & Cab Services

Toracabs Technologies PVT LTD

  • Area Req
    2500 - 4000 Sq.ft
  • Investment Range
    INR 1 Cr - 2 Cr
  • No. Of Franchise Outlets
    Less than 10
Business Details

Ride-haling, really?  But it’s in shambles now!” I’m 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.

Investment Details

Commenced Operations

Operations Commenced On 2019

Franchise Commenced On 2021

Franchise Details
Units

Investment INR 1 Cr. - 2 Cr

Franchise/Brand Fee INR 5000000

Royalty/Commission 25 %

Expansion Locations
North

Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttar Pradesh

South

Kerala, Karnataka, Tamil Nadu, Andhra Pradesh

East

West Bengal, Odisha

West

Gujarat, Rajasthan, Maharashtra, Goa

Central

Madhya Pradesh, Bihar, Jharkhand

Union Territories

Pondicherry, Chandigarh

Franchise Details

Likely pay back period of capital for a Unit Franchise 0-0 Months

Property Details

Type of property required for this franchise opportunity Commercial

Floor area requirement 2500 - 4000 Sq.ft

Preferred location of unit franchise outlet Commerical

Training Details

Detailed operating manuals for franchisees Yes

Franchisee training location Local City

Is field assistance available for franchisee ? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise Yes

Agreement & Term Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 5 Years

Is the term renewable? Yes

Interested in above brand? Submit your interest here.

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