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Publication: 06:36, 11.03.2020No. of the advertisement: 1620

Investment Opportunity

Cape Town, South Africa

What is your idea / business and to whom is it addressed?

The Destination App by We Drive SA (PTY) Ltd is a ride sharing/hailing App similar to ""Uber"" for South Africa only. Destination will solve many of the problems faced by drivers and riders on current other apps. We have eliminated lots of issues such as VAT, False trips, High commissions, employment issues, safety issues and more. It is created with the drivers in mind with 95% commission to drivers. Our testing phase has proven successful. We are ready to launch national in South Africa.

How should the idea/business earn money?

The App makes money by clients requesting rides and drivers supply that demand. ROI will be from day one but with a grace period of one year. We offer 100% ROI on initial investment and a further two year at 20% of profit to investor.

At what stage is the idea / business at the moment?

Destination is live and active, passed testing phase. Moneys will be used for the following: Upgrade & New features, Marketing, Web Design upgrades, maintenance, running cost for two years. My time and money invested is three years and cash R500,000 plus time value +/- R,1000,000. From investment date we need four weeks to launch new version and six to twelve month to tunr real profit figures but should have income within first six months.

What do you need?

I need a silent partner. Input always welcome. Investment amount needed: R1,500,000 | Approximately $95,000

95 000,00 USD

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