Tapsi
Entity IDIR-CO-005
SectorMobility
Founded2016
HQTehran
VerificationReported
Last reviewed2026-08-01
Iran's second-largest ride-hailing platform, listed on Iran Fara Bourse under the ticker تپسی.
Tehran Index tracks this company as part of a source-linked research record on Iran’s technology economy. Access opens to a limited first cohort. Register for access, or browse the registry.
Decision snapshot
Consolidated revenue
Consolidated operating revenue 35,489,234M rial ≈ 3,549B toman (+36% YoY) · consolidated net LOSS 5,495,331M rial ≈ 549B toman (2024-25: net profit ≈244B toman)
2025-26Official record
Listed status
IFB ticker تپسی · close 13,450 rial (2026-07-08)
CurrentOfficial record
TSETMC ↗ · retrieved 2026-07-10
IPO
Listed 14 June 2022 at 939 toman/share; 5% float; ~1.1-hemmat market cap; sold out in under an hour
2022-06-14Official record
Controlling shareholder
Golrang family control: Hasti E-Commerce Innovators Group holds 69.21% (AGM attendance record); acquired ~69% via IFB block trade Feb 2024; founders and early investors fully exited
2024-02Official record
Codal AGM filing FY1404; Tapsi acquisition announcement ↗ · retrieved 2026-07-10
Scale
25M+ registered users · 1.5M registered drivers
2024-02Company disclosed
Tapsi acquisition announcement ↗ · retrieved 2026-07-10
Every field carries an explicit evidence state and its source. Self-reported figures are labelled as such; nothing is presented with more certainty than its source supports.
Operating metrics, period-stamped
FY1403 results2024-25Third-party reported
Commission revenue 2,302B toman · ~189M trips · revenue +137% YoY
Early profitability curve2020-21-2021-22Company disclosed
2020-21→2021-22: gross profit +142% · operating profit +220% · net profit +309%
FY1404 filings2025-26Official record
9-month unaudited statements, board introduction and sustainability report filed on Codal (2026-06-13)
Tapsi Food2025-26Third-party reported
~1,000B toman NMV · 462B toman net loss
FY1404 official results (standalone)to 2026-03-20Official record
Net loss 2,378,611M rial (~238B toman) · EPS −1,819 rial · dividend: none
Share capital2025-26Official record
2,462,567M rial ≈ 2.463B shares (vs 1.17B+ at IPO, capital raised post-listing; EPS math confirms mid-year weighted average ~1.3B)
Early revenue (rial basis confirmed)2020-21-2021-22Company disclosed
2020-21 revenue 1,748,307M rial (~175B toman) → 2021-22 2,662,098M rial (~266B toman)
FY1404 consolidated P&L driversto 2026-03-20Official record
Gross profit 9,015,699M rial (−22% YoY) on COGS +82% · operating profit 2,373,197M rial (−61%) · finance costs 8,149,616M rial (5.8× 2024-25), the swing to loss is a financing-cost story
Tehran ride-hailing market share (trajectory)2024-25Third-party reported
26% (Aban 2024-25 / Nov 2024) rising to 32% by 2024-25 year-end (Mar 2025); present in 55% of the national market by trip count and 70% by trip value at year-end
Record daily rides20 Feb 2025Third-party reported
1 million rides in a single day
Metric series, change over time
Revenue
2020-211,748,307M rial (~175B toman)
2021-222,662,098M rial (~266B toman)
Series are basis-consistent: values are only charted against comparable prior periods. Approximation qualifiers from the source are preserved. Rial figures follow the filing convention (million rial); toman conversions are ours and labelled.
Business model & group
Super-app armsActiveCompany disclosed
Tapsi Food · Tapsi Shop (ex-Dartil) · Tapsi Market
Bahamsafar2026-07Company disclosed
Intercity ridesharing expanded to nationwide routes in July 2026 (previously Tehran/Karaj/Mashhad)
Leadership
FoundersDurableCompany disclosed
Milad Monshipour & Hooman Damirchi (first app release June 2016). Monshipour was CEO Jan 2016 - Jan 2024, exiting at the Golrang acquisition; now founder of AIR Properties, Dubai (May 2024-)
Current CEOCurrentOfficial record
Seyed Mostafa Seyed Hosseini (CEO; also executive vice-chairman of the board)
Corporate family
Tracked entities in the same corporate family. Ownership percentages appear in Ownership & capital only when disclosed.
Ownership & capital
Post-deal structure2024-02Official record
Golrang 68.95% · ~31% free float; pre-deal breakdown not disclosed
Board compositionAGMOfficial record
Five seats, all Golrang-family entities: Kourosh Investment Group (chair rep: M. Musa Khani) · Hasti E-Commerce Innovators (vice-chair rep: S.M. Seyed Hosseini, executive) · Ofogh Kourosh Chain Stores · Ofogh Kourosh Trading · Kourosh Retail Industry Management
Competitive set
Competitive setCurrentTI derived
Snapp (ride-hailing, dominant share) · Alibaba.ir (intercity travel adjacency)
Evidence timeline, how this record was built
Primary sources catalogued in the Evidence Library; extracted claims appear above as period-stamped facts, never as current news.
Signals & timeline, Tapsi mentions
2026-08-23Tapsifood launches in-store credit purchase feature2026-08-23Tapsifood launches in-store BNPL with Tara, Digipay, Bluebank, AzkiVam2026-07-2941.6% of TapsiShop's Tehran orders use under-2-hour delivery2026-07-27Tapsi launches Mapsi, its mapping service for businesses2026-07-25Snapp and Tapsi fare hikes caused dissatisfaction among both passengers and drivers2026-07-01Tapsi group's consolidated revenue grew 36% to 3549 billion toman in 2025-262026-06-28Tapsi Food reports 1000 billion toman NMV and 462 billion toman net loss in year to March 20262026-06-23Tapsi's revenue grew 25% in June to 309.8 billion toman
From the published signal feed; each record links to its source. All signals →
What we don't know
FY1399 to 1400 unit verificationOfficial record
Executive successionNot disclosed
Current operating KPIsCoverage pending
Stated gaps are part of the record: in an opaque market, knowing what is NOT publicly established is as decision-relevant as what is.
Source ledger, every field, its evidence
Consolidated revenue
Consolidated operating revenue 35,489,234M rial ≈ 3,549B toman (+36% YoY) · consolidated net LOSS 5,495,331M rial ≈ 549B toman (2024-25: net profit ≈244B toman)
Codal, consolidated financial statements, 12 months to 1404/12/29 (unaudited consolidated; PDF reviewed) ↗ · retrieved 2026-07-10retrieved 2026-07-10
Listed status
IFB ticker تپسی · close 13,450 rial (2026-07-08)
TSETMC ↗ · retrieved 2026-07-10retrieved 2026-07-10
IPO
Listed 14 June 2022 at 939 toman/share; 5% float; ~1.1-hemmat market cap; sold out in under an hour
Contemporaneous reporting of the offering (Zoomit same-day; Digiato and Techrato previews two days earlier) ↗ · retrieved 2026-08-14retrieved 2026-08-14
Controlling shareholder
Golrang family control: Hasti E-Commerce Innovators Group holds 69.21% (AGM attendance record); acquired ~69% via IFB block trade Feb 2024; founders and early investors fully exited
Codal AGM filing FY1404; Tapsi acquisition announcement ↗ · retrieved 2026-07-10retrieved 2026-07-10
Scale
25M+ registered users · 1.5M registered drivers
Tapsi acquisition announcement ↗ · retrieved 2026-07-10retrieved 2026-07-10
FY1403 results
Commission revenue 2,302B toman · ~189M trips · revenue +137% YoY
IFB filings via Zoomit coverage · retrieved 2026-07-10retrieved 2026-07-10
Early profitability curve
2020-21→2021-22: gross profit +142% · operating profit +220% · net profit +309%
investors.tapsi.ir/financial ↗ · retrieved 2026-07-10retrieved 2026-07-10
FY1404 filings
9-month unaudited statements, board introduction and sustainability report filed on Codal (2026-06-13)
Codal, via investors.tapsi.ir ↗ · retrieved 2026-07-10retrieved 2026-07-10
Tapsi Food
~1,000B toman NMV · 462B toman net loss
Digiato ↗ · retrieved 2026-07-10retrieved 2026-07-10
FY1404 official results (standalone)
Net loss 2,378,611M rial (~238B toman) · EPS −1,819 rial · dividend: none
Codal, AGM decisions filing, FY ending 1404/12/29 ↗ · retrieved 2026-07-10retrieved 2026-07-10
Share capital
2,462,567M rial ≈ 2.463B shares (vs 1.17B+ at IPO, capital raised post-listing; EPS math confirms mid-year weighted average ~1.3B)
Codal, AGM decisions filing ↗ · retrieved 2026-07-10retrieved 2026-07-10
Early revenue (rial basis confirmed)
2020-21 revenue 1,748,307M rial (~175B toman) → 2021-22 2,662,098M rial (~266B toman)
investors.tapsi.ir/financial; unit per Codal filing convention ↗ · retrieved 2026-07-10retrieved 2026-07-10
FY1404 consolidated P&L drivers
Gross profit 9,015,699M rial (−22% YoY) on COGS +82% · operating profit 2,373,197M rial (−61%) · finance costs 8,149,616M rial (5.8× 2024-25), the swing to loss is a financing-cost story
Codal, consolidated statements FY1404 ↗ · retrieved 2026-07-10retrieved 2026-07-10
Tehran ride-hailing market share (trajectory)
26% (Aban 2024-25 / Nov 2024) rising to 32% by 2024-25 year-end (Mar 2025); present in 55% of the national market by trip count and 70% by trip value at year-end
Tapsi CEO Mostafa Seyed Hosseini, press conference (SharghDaily) and AGM remarks (DMBoard) ↗ · retrieved 2026-07-29retrieved 2026-07-29
Record daily rides
1 million rides in a single day
Tapsi social media, reported via IranianStartup · retrieved 2026-07-29retrieved 2026-07-29
Super-app arms
Tapsi Food · Tapsi Shop (ex-Dartil) · Tapsi Market
Company sites ↗ · retrieved 2026-07-10retrieved 2026-07-10
Bahamsafar
Intercity ridesharing expanded to nationwide routes in July 2026 (previously Tehran/Karaj/Mashhad)
investors.tapsi.ir ↗ · retrieved 2026-07-10retrieved 2026-07-10
Founders
Milad Monshipour & Hooman Damirchi (first app release June 2016). Monshipour was CEO Jan 2016 - Jan 2024, exiting at the Golrang acquisition; now founder of AIR Properties, Dubai (May 2024-)
tapsi.ir/en/about ↗ · retrieved 2026-07-10retrieved 2026-07-10
Current CEO
Seyed Mostafa Seyed Hosseini (CEO; also executive vice-chairman of the board)
Codal, AGM decisions filing, FY ending 1404/12/29 ↗ · retrieved 2026-07-10retrieved 2026-07-10
Post-deal structure
Golrang 68.95% · ~31% free float; pre-deal breakdown not disclosed
Tapsi acquisition announcement ↗ · retrieved 2026-07-10retrieved 2026-07-10
Board composition
Five seats, all Golrang-family entities: Kourosh Investment Group (chair rep: M. Musa Khani) · Hasti E-Commerce Innovators (vice-chair rep: S.M. Seyed Hosseini, executive) · Ofogh Kourosh Chain Stores · Ofogh Kourosh Trading · Kourosh Retail Industry Management
Codal, AGM decisions filing, FY ending 1404/12/29 ↗ · retrieved 2026-07-10retrieved 2026-07-10
Competitive set
Snapp (ride-hailing, dominant share) · Alibaba.ir (intercity travel adjacency)
Tehran Index registry mapping · retrieved 2026-07-10retrieved 2026-07-10
Last full review: 2026-08-01 · Tehran Index research desk · corrections: desk@tehranindex.com
Work with this record
Alerts, company comparisons, and full-history exports are joining the partner workspace. Request access →
Registered entity
Legal entityPishgaman Fanavari va Danesh Aramis
Entity typeoperating
StatusActive · public JSC, TSE-listed
Registered1395/01/22 (2016-04-10)
Registered capital2.5 trillion IRR
Board & shareholders
Morteza MousakhaniChairman · rep. Korosh Investment Group
Seyed Mostafa Seyed HosseiniCEO & Vice Chairman · rep. Hasti E-Commerce Innovators
Milad Jalayerrep. Korosh Retail Industry Mgmt Group
Habibeh Anahidrep. Zarrin Gostar Keyhan
Naser Kalbasirep. Ofogh Korosh Chain Stores
Registered capital is the share capital recorded in the official gazette. Increases are real corporate events, but they are commonly funded from retained earnings or converted receivables and are also driven by inflation and regulatory minimums. It is not a valuation, and Tehran Index does not present it as one.
Official contact
Registered addressPlot 2, 2nd Floor, SE Unit, Baghestan St, Golestan St, Saadat Abad, Tehran, Iran
Postal code1998635820
Emailinfo@tapsi.cab
Instagram@tapsi_ir
Evidence & verification
Verification tierReported, single public source
Primary evidencetapsi.ir
Registry identifiersWithheld for compliance
Fields on this profile derive from linked public sources or the official company registry; unknown values stay blank rather than guessed, and estimates are always labelled. How we verify →
Institutional access
This dossier shows the working standard. Institutional access will add a scoped custom dossier or watchlist, the weekly briefing, sourced research requests, coverage reviews, and dataset exports. It is not open yet; the first cohort is being registered now.
Request Access