About the Business
Reimagine Ride-Hailing: Embrace the Future of Transportation
You may wonder, ‘Ride-hailing in its current state? It’s a mess!’ We understand your skepticism, but we firmly believe that the ride-hailing industry is on the brink of a transformative revolution, and we are at its forefront.
Cab aggregators have undoubtedly revolutionized transportation, making it more reliable and accessible. However, this progress has come at a significant cost, affecting not only drivers burdened by exorbitant commissions but also riders subject to unfair fares determined by obscure pricing algorithms.
We are here to break this cycle and guide ride-hailing back to its original promise of fairness and transparency.
Our achievements speak volumes: We’ve successfully onboarded over 20,000 drivers, garnered 185,000 installs, and completed more than 100,000 rides in a remarkably short timeframe. What’s even more astounding is our remarkably low acquisition costs, at just Rs. 400 per driver and a mere Rs. 20 per rider. Our triumphant beta launch in Hyderabad stands as a testament to an impending paradigm shift, signaling that the market is primed and ready to embrace our groundbreaking business model.
Introducing Tora, the Game-Changer: A zero-commission, zero-surge transportation platform, designed to enhance driver earnings while lowering costs for riders. For our valued drivers, we offer the choice of a daily subscription or a minimal fee per ride, coupled with the added convenience of instant payments. As for our riders, we guarantee pricing that’s completely free from dynamic surge, ensuring a seamless and fair experience for all.
