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Niket Raj Dwivedi
•

Medial • 12m

Announcement : Pitchers (Digital Shark Tank) by Medial. Hello everyone! Glad to be announcing our flagship initiative- Pitchers! This app is for entrepreneurship and entrepreneurs. Hence, to complement it, we have decided to celebrate ideas and drea

Sarthak

npc • 12m

NAME- RydeGo PROBLEM - Inefficient transport systems in Tier 2, 3 cities and rural areas; Ola, Uber- pricey, not enough penetration; Rapido - inherently unsafe (2W), carries only one passenger; Return journeys of e-rickshaws are usually empty, losing precious revenue. SOLUTION - Organising the fragmented e-rickshaw market; Service will be affordable compared to Ola, Uber; E-rickshaws are present in most towns and villages; They are safe (3W); Can carry 4-6 passengers, ride-sharing will reduce cost per passenger. Return journeys can be made profitable by helping riders connect with drivers. Ride-hailing services market size- $7.26 bn (2028) with 287.40mn users. Majority of India resides in Tier 2 and beyond cities and villages, the number being >70% (approximately 1 billion people). We can expand user base to approx 500mn or more, and hopefully capture significant market share. COMPETITION - Ola,Uber, Rapido,InDrive PROGRESS - MVP phase

5 replies30 likes

Replies (5)

Tapan

Hey I am on Medial • 12m

The idea seems good,but how will you begin accomodating users? Will you choose to onboard drivers or riders first? As brilliant the idea seems, there is going to be operational issues. Best of luck with your plans.

1 replies3 likes

Anushree Dutta

Hey I am on Medial • 12m

Looking forward for its accomplishment👍🏻

1 replies2 likes

Niket Raj Dwivedi
•

Medial • 12m

🚀

1 replies2 likes

Sainmitre Passah

Hey I am on Medial • 12m

Creative thoughts bruh

0 replies2 likes

Pranav Varshney

SRCC | Bluestone Con... • 2m

Great idea! I agree with the fact that tapping tier 2 and 3 can prove vital in deciding the future of ride hailing services. However, I have a few fundamental questions about this: 1). Usually, the cost of a ride in an e-rickshaw is very cheap, mostly ranging between Rs.10-20 in tier 2 cities. How would profitability and margins be achieved since the customers would not be willing to pay a higher amount because of the easy accessibility to e-rickshaws in general? 2). Usually the distance covered in e-rickshaws is not really long, usually ranging between 1-5 KMs. This will again serve as a deterrent for high-tocken sized rides. 3). E-rickshaws are more easily accessible than cabs. Only does not really need to make much effort to get an e rickshaw for a ride. Why would a consumer take the inconvenience of downloading an app and waiting for a ride?

0 replies

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