As Indians start travelling in the new normal, strong recovery in smaller towns underscores success for ride-hailing giant's 'India to Bharat' strategy, which offers new products in regional markets.
'The digital trust level has drastically gone up due to Covid, not only in tier-I and II cities, but also in tier-III, IV and V geographies,'
The company, which rents cars by the hour, day, week and month, has Mahindra E2O Plus and Tata E Tigor available on the platform for which it charges a subscription fee of Rs 15,000-20,000 per month.
A draft policy will be issued for public consultation in the coming weeks.
The 'buy-now, pay-later' (BNPL) juggernaut continued to roll on during the festive season with multiple players seeing disbursals grow by more than 100 per cent compared to Diwali last year. LazyPay, the BNPL platform of Prosus-owned payments major PayU, witnessed a credit demand increase of 300 per cent over the festive season last year, especially in segments like travel, food & beverages and entertainment. "We also saw an uptick of 70 per cent in user acquisition in the last two months.
The problem is major, and the problem affects hundreds of millions of people. Ignoring it must have a sound reason. Ignoring it must in some way be more important than addressing it, notes Aakar Patel.
The recent protests by employees of Urban Company and the case of a a Zomato delivery executive who died in a road accident point to the severely straitened condition of gig workers during the ongoing Covid-19 pandemic. Budget 2021 had promised several measures to help the cause of gig economy workers, but most of them are yet to see the light of day. Even after a year, the country's gig workers continue to be without any social security cover or a minimum wage guarantee. "In Budget 2021, finance minister Nirmala Sitharaman had announced that the government is looking toward including migrant and gig workers for social security benefits," says Srinivas Kotni, managing partner, Lexport, a consulting firm. Parliament had passed the Code on Wages in 2019 and Code on Industrial Relations, Social Security and Occupational Safety, Health and Working Conditions in 2020.
Meru Cabs' founder says they were a traditional company.
As many as 81 per cent people support having rules for consumer e-commerce, but want more services-based platforms to have more clearly defined roles, a survey by community social media platform LocalCircles has found. The survey asked respondents to answer questions based on the recent draft Rules proposed by the ministry of consumer affairs. The responses found 81 per cent consumers wanting sales of products and services over electronic or digital networks to be governed by a set of electronic commerce rules.
The state governments of Karnataka and Maharashtra have also moved to exert more control on app-based taxi aggregators.
'We need people who can position a product digitally and craft the journey for customers, by improving user interface and user experience.'
The car was expected to have a price tag of Rs 10 lakh and launch was slated for this June.
With the deal closing, SoftBank becomes an investor in two of India's largest on-demand cab service -- Uber and Ola.
Modi will get the maximum chunk of the session time.
It was investing heavily in finding new ways to gauge driver behaviour apart from just relying on feedback provided by riders.
Of the 1,145 offers made this year, consulting firms made up 34 per cent, followed by banking, financial services and insurance, pharma/healthcare, IT/ITeS and FMCG/retail.
In a major decision, Delhi government on Wednesday rejected fresh applications for licence by US-based taxi booking firm Uber and two other such service providers -- Ola and TaxiForSure.
The country came to a virtual stand-still when trade unions called a two-day general strike on February 20 pressing for implementation of their 10-point charter of demands.
'It is going to be extremely rapid and anybody who is not there, be it investor, manufacturer, supplier, will miss out.'
The fresh funds would be used for expansion of Meru's network.
Most Indian start-ups and e-commerce are largely funded by foreign investors
India turns talent backyard for Southeast Asian taxi apps to fight Uber.
Uber says it is engaging with state govt to explain why its business model encourages savings for customers.
Live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech have made their mark.
Quelling fears of a takeover by Ola, which is also funded by Uber's major investor SoftBank Group, the US-based cab aggregating giant made it clear that the company was not ceding its position in India, one of its core markets.
An individual must have tolerance for ambiguity and will have to learn to adapt to changing scenarios, suggests Career Coach Dr Shruthi J Mayur.
The ban on app-based taxi services will continue and vehicles violating it will be seized, the city government on Tuesday submitted in the Delhi High Court in New Delhi while Uber India Systems Pvt Ltd withdrew its plea against the December order stopping its operations.
A dramatic stoppage-time goal from Toni Kroos gave holders Germany a 2-1 win over Sweden on Saturday to keep alive their hopes of qualifying for the World Cup last 16.
The company has been a part of the start-up ecosystem in a big way from early stages right up to when the companies start achieving full scale.
It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
Even at early stage, start-ups are raising more money faster owing to the rise of a lot of specialised early-stage VCs and emergence of seed-stage programmes.
Mass mobility in India is in a race when the light turns from yellow to green. Just that this moment has lasted three years. The renewed enthusiasm, however, indicates that the lights may finally be about to change, says Patanjali Pahwa.
Meru Cabs is in talks with Chinese e-commerce giant Alibaba.
There is a new energy in 2015 and a new breed of young, ambitious innovators and entrepreneurs who are coming up with creative solutions to many of India's problems, says Mallika Kapur.
Over the last 12 months, thanks to bold bets by venture capital firms like Sequoia, SoftBank Vision Fund, and foreign strategic investors like Naspers, pipeline of start-ups with potential to achieve $1 bn in valuation is at an all-time high.
Housing.com CEO takes a dig at Vishal Sikka.
TaxiForSure's Aprameya Radhakrishna's new venture, Vokal, is a peer-to-peer content generation platform that is a cross between Reddit and Quora.
Internet entrepreneurs are the next big thing in India.
Uber India has readied itself for another $500 million (Rs 3,300 crore) investment in the next three months.
State transport commissioner Shyam Wardhane has issued directives allowing private cars, buses and other vehicles to operate as "public transport" on Monday
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