EaziRide
Ride sharing platform
The Challenge
Create an investor-ready
financial model and raise
funds.
The Modeliks Solution
Build a financial model in Modeliks in a few hours replicating the operational logic into its financial plan. Run scenarios to perfect the operating model and clearly present to investors what they can expect from their investment.
The Results
EiziRide raised a USD 8 million funding and uses Modeliks to make operational and investment decisions.
“Modeliks helped us achieve a phenomenal valuation of $8 million. It helped us raise capital. Thank you Modeliks team!”
Aubrey M.
Founding CEO, EaziRide
The Success Story of EaziRide (Ride sharing platform)
The Success Story of EaziRide (Ride sharing platform) EaziRide, the first ride-sharing platform that is owned by drivers. It is revolutionizing the e-hailing industry and re-inventing riding experience. Owner drivers care more about the experience of their customers.
Objectives
Create an investor-ready financial model and raise funds. Aubrey, founding CEO, needed a logical and driver-based financial model to help him:
- Manage the business and make confident decisions.
- Streamline the operating model (pricing, remuneration of drivers, marketing channels, operating expenses, etc.).
- Show investors he controls the business operationally and financially.
- Track performance and report to investors with ease and confidence.
The Modeliks Solution
EaziRide built the financial model in Modeliks in a few hours replicating the operational logic into its financial plan. From there on, it was easy to run scenarios to perfect their operating model and clearly explain to investors what they can expect from their investment.
Results
EiziRide raised a USD 8 million funding and uses Modeliks to make operational and investment decisions.