🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Sarthak

npc • 1y

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
8
Replies (5)

Pranav Varshney

SRCC | Bluestone Con... • 4m

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

More like this

Recommendations from Medial

Image Description
Image Description

Dharamkar Ashish

Hey I am on Medial • 1y

Hey how about an app which compare prices of ride on Ola,Uber,namma yatri,rapido??

16 replies14 likes
Image Description
Image Description

Rishi Chavan

Inquisitive • 26d

I just noticed one thing Rapido offers the same PIN for every ride before your ride begins which is so easy to remember now I can't forget it at all whereas other apps like Uber and Ola offer unique OTPs everytime. Why Rapido does that? I don't kno

See More
3 replies12 likes

Vikas Acharya

 • 

Medial • 8m

Rapido winning against Ola and Uber in India ? here is a case study by backstage with millionaires.

0 replies2 likes
Image Description
Image Description

VCGuy

Believe me, it’s not... • 3m

Rapido foraying into Food Delivery could be a game-changer esp. following its disruptive impact on ride-hailing services. 🗓️Back in 2017 → Uber via 'Uber Eats' made a similar attempt but struggled to compete with Zomato/Swiggy. So, why does Rapido

See More
5 replies24 likes
6
Image Description
Image Description

VCGuy

Believe me, it’s not... • 9m

Rapido picked up $200 M in a Series E, now valuing it $1 B+. ⏩Investors include: WestBridge Cap, Nexus VP, Think Investments, Inus-Opportunities, Swiggy. The ride-hailing market has changed significantly in the past few years - - Super Competiti

See More
3 replies7 likes
1
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 15d

Rapido entered Ride hailing 5 years after Ola launched. Now Rapido is entering Food Delivery 5 years after Swiggy launched. At this rate, Rapido will launch its quick commerce app in 2029.

15 replies23 likes
Image Description
Image Description

Hiral Jain

Content writer • 1y

Hey everyone! Today we're diving into why Uber couldn't replicate its global success in the Indian market, and why Ola came out on top. Let's find out what went wrong for Uber and what Ola did right! Day 5 of knowing about companies that failed to ac

See More
8 replies12 likes
1
Image Description

Pankaj Solanki

Hey I am on Medial • 6m

Hi all can we make our Taxi buisness app how much total of cost of making, running project, marketing already covered by ola, uber rapido etc how to take over all market

1 replies1 like
Image Description

SHUBHASH PANDEY

Bring the Change • 5m

How much investment is required to start online Cab service like Uber ola in tier 2&3 cities .. any idea ??

2 replies2 likes

Download the medial app to read full posts, comements and news.