The founders of a ridesharing platform are relocating overseas and looking for a quick sale at USD 10,000, significantly below its independent valuation of AUD 131,265 to AUD 160,435. This long-distance ridesharing service connects drivers and passengers across Australian cities, specifically catering to backpackers and Working Holiday Visa holders. Launched in 2024, the platform has grown through organic SEO, boasting a #1 Google ranking for "carpooling Australia" and features native apps for iOS and Android, a multilingual website, and a Stripe payment system.
Key metrics include over 4,900 registered users, 800 new signups in the last month, 100,000 monthly impressions from organic search, and 10 completed paid transactions valuing over AUD 1,000. With monthly operating costs of approximately AUD 240 and zero external debt, the business is financially stable. The package includes full technology components, such as a serverless backend, native mobile apps, a multilingual marketing website, a custom admin dashboard, and active partnerships with travel insurance and money transfer services.
The platform benefits from a substantial potential market, given Australia’s significant number of Working Holiday Visa holders who travel extensively and seek cost-effective transportation options. The transaction model involves a 15% driver commission and passenger booking fees. A new owner could explore further revenue through advertising, affiliate expansions, and partnerships. The technical stack comprises Flutter/Dart for the frontend, Firebase for the backend, and Stripe for payments, with localization across four languages. The asking price emphasizes a quick transition rather than profit maximization. Interested parties can reach out for further details and access the valuation report.