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Niket Raj Dwivedi

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Medial • 11m

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

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Sarthak

npc • 11m

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
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Replies (5)

Pranav Varshney

SRCC | Bluestone Con... • 1m

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?

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Anonymous

Anonymous

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what would be the mostly faced problems by uber ,ola ,rapido or any cab /ride sharing platforms , from micro level and macro level let it be pricing or company or service or etc would like to get all ur views oon them

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SHUBHASH PANDEY

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

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Jav

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If your absolute end competitors are giants. START UNIQUE. Just like how rapido first entered the market with the term "bike pooling" and now it's a leading competitor to ola and uber in India in terms of auto or cab rentals.

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𝗗𝗮𝘆 𝟯 𝗼𝗳 𝗧𝗵𝗲 𝗜𝗻𝗱𝗶𝗮𝗻 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗪𝗮𝗿 𝗦𝘁𝗼𝗿𝗶𝗲𝘀: 𝗢𝗹𝗮 𝘃𝘀. 𝗨𝗯𝗲𝗿 – 𝗧𝗵𝗲 𝗕𝗿𝘂𝘁𝗮𝗹 𝗥𝗶𝗱𝗲𝘀𝗵𝗮𝗿𝗶𝗻𝗴 𝗪𝗮𝗿 𝟮𝟬𝟭𝟯 – 𝗧𝗵𝗲 𝗔𝗿𝗿𝗶𝘃𝗮𝗹 𝗼𝗳 𝗮 𝗚𝗶𝗮𝗻𝘁 Uber had already conquered cities like New York,

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