Back
Pranav Varshney
SRCC | Bluestone Con...ย โขย 8m
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?
More like this
Recommendations from Medial
LUMIQ
Building Indiaโs nex...ย โขย 3m
In India, we have plenty of public-transport optionsโcabs, autos, bikes, and EVsโbut for very short trips (2 โ 4 km) most people end up choosing e-rickshaws. Why? Because the alternatives often cost โน100โโน150 for the same distance, while an e-ricksha
See More
Raunak Singh
| CEO @Showa | A Soc...ย โขย 1y
๐ Startup Idea: Empowering E-Rickshaw Drivers! Introducing our innovative startup that provides *battery-operated e-rickshaws on rent* with a special perkโ*ULIP life insurance from LIC* at just โน200/month! Hereโs how weโre making an impact: ๐*E-Ri
See More
Keshav Agarwal
Ready to Create valu...ย โขย 1y
I have an Idea to make a ride hailing service platform with Electronic rickshaws for both consumer and business logistics which will cater to the following problems Lack of Mobility and Transport platform for E-Rickshaw Drivers to have a good relati
See More
Harsh Patil
Innovative Mindset, ...ย โขย 1y
Hereโs a revised version of the post with the main focus on advertising as the primary business model, with low-rental rickshaws as a result of generating income through ads: ๐๐ก Introducing Rickshaw Ads: Affordable Rentals Powered by Advertising!
See More
VCGuy
Believe me, itโs not...ย โขย 1y
Rapido picked up $200 M in a Series E, now valuing it $1 B+. โฉInvestors 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
Harsh Patil
Innovative Mindset, ...ย โขย 11m
Subject: Seeking Co-Founder for Scalable Rickshaw Screen Advertising Startup Iโm building an innovative startup thatโs reimagining urban advertising with ready-to-install digital screens for rickshaws. Our model equips rickshaws with plug-and-play
See More
Download the medial app to read full posts, comements and news.