Liftago CZ, s.r.o.

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Liftago CZ, s.r.o. - overview

Established

2012

Location

Prague, -, Czech Republic

Primary Industry

Transportation Services

About

Liftago CZ, s. r. o. is a transportation company that provides on-demand taxi and delivery services through its mobile app, ensuring quick and effective solutions for both individuals and businesses.


Liftago CZ, s. r. o. was founded in 2012 and is headquartered in Prague, Czech Republic.


The company specializes in taxi and delivery services, leveraging technology to streamline transportation solutions. It has undergone strategic developments, including a recent investment from Livesport s. r. o.


in January 2019. The firm was co-founded by Juraj Atlas, Martin Hausenblas, and Ondrej Kratky, with Ondrej Kratky currently serving as CEO. The company has secured a total of USD 1. 20 mn in funding, with its most recent deal occurring on January 22, 2019.


Liftago's core offerings encompass a comprehensive taxi and delivery service, designed to provide customers with swift and reliable transportation solutions. The Liftago app allows users to book taxis or couriers seamlessly with just a few clicks, ensuring that both riders and parcels are dispatched within minutes. The service operates in 15 cities, catering to a diverse clientele that includes individual consumers and corporate clients. By facilitating easy access to transportation, Liftago addresses common challenges associated with travel and parcel delivery, such as safety, comfort, and time efficiency.


Additionally, customers can choose drivers based on various criteria, including price, arrival time, and ratings, while also selecting vehicle types that meet specific needs, such as electric cars or those equipped with child seats. Liftago generates revenue primarily through its taxi and courier services, operating on a pay-per-ride model that directly connects consumers with verified drivers. In 2023, the company's revenue amounted to USD 8. 54 mn, with an EBITDA of USD -115,455.


9. Customers can opt to pay via cash, card, or invoice, particularly for corporate clients. The transaction structure is designed to ensure clarity and convenience, allowing users to enjoy a straightforward booking experience without the need for prior registration. While specific pricing plans are not disclosed, the company offers services tailored for both individual users and corporate accounts, fostering a flexible approach to transportation and delivery.


Liftago aims to introduce new product features and enhancements to its app to improve user experience in the upcoming period. The company is also considering expansion into additional markets across Europe by 2025, targeting key cities that show significant demand for transportation services. The recent funding of USD 1. 20 mn will be utilized to support these growth initiatives, enhancing service capabilities and promoting market entry strategies.


Current Investors

Incomming Ventures, Leverage Technology

Primary Industry

Transportation Services

Sub Industries

Car Hire Services

Website

www.liftago.com

Verticals

Mobile Apps

Total Amount Raised

Subscriber access only

Liftago CZ, s.r.o. - financials

Fiscal Year EndedDec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
Revenue (USD)----5,649,00075,319,000113,020,000104,234,000---
% Revenue Growth (YoY)-----1233.3%50.1%(7.8%)---
EBITDA (USD)(1,425,000)(375,000)(1,188,000)-87,229,000(6,114,000)(12,462,000)(13,743,000)---
Operating Income (USD)(1,425,000)(375,000)(1,700,000)-87,229,000(10,518,000)(18,717,000)(13,803,000)---
Operating Margin----1544.1%(14.0%)(16.6%)(13.2%)---
% EBITDA Margin----1544.1%(8.1%)(11.0%)(13.2%)---
NET Income (USD)(1,425,000)(663,000)(2,357,000)-85,261,000(12,841,000)(20,330,000)(14,063,000)---
% Net Margin----1509.3%(17.0%)(18.0%)(13.5%)---

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