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.
Operations Commenced On 2019
Franchise Commenced On 2021
Investment INR 1 Cr. - 2 Cr
Franchise/Brand Fee INR 5000000
Royalty/Commission 25 %
Likely pay back period of capital for a Unit Franchise 0-0 Months
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttar Pradesh
Kerala, Karnataka, Tamil Nadu, Andhra Pradesh
West Bengal, Odisha
Gujarat, Rajasthan, Maharashtra, Goa
Madhya Pradesh, Bihar, Jharkhand
Pondicherry, Chandigarh
Type of property required for this franchise opportunity Commercial
Floor area requirement 2500 - 4000 Sq.ft
Preferred location of unit franchise outlet Commerical
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
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 5 Years
Is the term renewable? Yes
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