Current Status Revenue Generating, Pre-Profit
Amount Invested RM120,000.00
Funding Required RM600,001 to RM1,000,000
Description We “Towbago Services Sdn Bhd” are mobile application based service provider and the first e-breakdown booking service based in Malaysia and Southeast Asia. Conclusively, we are “UBER TOW TRUCK”(We sign partnership with tow truck drivers) Apart from towing we also provide other services such as Jump start,out of fuel assist and flat tyre service.
Business Opportunity The problem we are solving here are : Finding Nearby Tow Truck Drivers / Breakdown Assistance,Hassle of waiting long hours by the road side,Manual Process of calling via phone to arrange tow truck / breakdown assistance,Couldn’t furnish exact location of breakdown to towers via tele-conversation,No proper structure on charges (Assumption based fares).According to Malaysian Institute of Road Safety Research total accidents not including breakdowns its self reaching around 547K per annum.
Revenue / Business Model We will deduct 20% from each job done by the tow truck drivers or we call them as tow rangers.Our minimum targeted job will cost around RM150.00 and we will make RM30.00 out of it.
Management Team Thiban Eaganathan – CEO & Co-Founder-Merchantrade Asia Sdn Bhd 3 years as Head of Department(e-remit),Air Asia Berhad 7 years with various departments such as Flight Operation, Customer Support, Regional Reservation Control and completing career as a Call Center Manager.

Kulenthiran Balakrishnan – DCEO & Co-Founder-Served Rayani Air Sdn Bhd as Director of Commercial 1 year, 2 months,Go Quo 1 year as a Head of Airline host
Malindo Air 2 Years, Air Asia Berhad 7 years at various departments, such as RRC (Regional Reservation Control), RCMT (Regional Continues Monitoring Team), Flight Scheduling, Revenue management, and Flight Operations,Holds completed Kaizen Lean Certificate and both Green & Black belt for Six Sigma

Sandreswaran Sandran – COO & Co-Founder-Merchantrade Asia Sdn Bhd 2 year as Manager of MVNO (Mobile Virtual Network Operator) ,Dachser Malaysia Sdn Bhd 1 year as Import and Export In charge Manager,Air Asia Sdn Bhd 10 years in various departments such as Call Center Manager, Flight Operations, Finance, Marketing and Internal Audit under Fraud Investigation

Company Background Towbago Services Sdn Bhd started on 27 April 2017 and had invested RM120,000.00 till date.We have launched our mobile apps in android on 6th November 2017 and have attended 11 job.We have 250 registered tow truck drivers in klang valley and 400 downloads in customer app.
Funding Milestone The amount required will be RM600k-RM1mil, This amount of funding will use for marketing and operation purpose where we will expand our business to entire malaysia and targeted milestone will be to have at least 3000 registered tow truck drivers and to have minimum of 40 jobs done per day
% Equity Allocation up to 15%
Expected ROI 30%
Risks and Mitigation -Product awareness on our product
-Rise of public transportation
-Possible competitor from insurance industry
Exit Strategies Investor can exit upon gained profit more then they have invested or by selling over their shares for a good value
Company Name Towbago Services Sdn Bhd
Business Address C-3A-3A Blok C,Centum Corporate Park,Jalan PJU 1A/2,47301 Petaling Jaya Selangor
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