Trending this month

Showing posts with label ride sharing. Show all posts
Showing posts with label ride sharing. Show all posts

January 4, 2018

didi to acquire 99, declares war on uber

The war between Didi and Uber is set to escalate and intensify with the Chinese ride hailing app set to acquire acquire 99, one of Latin America’s major ride-hailing companies.This acquisition is set to increase Didi's dominance across Uber's strongholds and beyond Didi's traditional market, -mainland china despite both of them being funded by the same tech giant SoftBank.Late last month SoftBank had bought a sizable stake in Uber at a significant discount, after investors and employees put shares equal to about 20% of the company up for sale,according to the the Wall Street Journal.Founded in 2013, the South American the app based taxi hailing ride 99 has been Uber’s fiercest competitor in Brazil, the most populous country in Latin America.Sao Paulo and Rio de Janeiro are Uber’s two busiest cities in the world as ranked by the number of trips that take place there according to Bloomberg. 

Like Didi, 99  originated as an app for hailing existing municipal taxis, before venturing out into private ride-hailing. In January 2017, the company scored a $100 million investment from Didi, and in March secured an additional $100 million from Japan’s SoftBank the first time.Now it seems that Didi is buying the Brazilian ridesharing startup, in a deal that values 99 at $1 billion.In case this is true, it would seem like a full blown war between Uber and Didi inspite of being funded by the same parent company Softbank.Didi currently is said to have over  more than 450-million users on its platform and handles more than 25million rides per day. Post acquisition of 99, Didi will have access to  14-million registered users in Brazil as it pushes into the growing Latin American car-share market.

However it would be too early to say if this will be an all-out acquisition or a matter of Didi taking a controlling (but not fully acquired) share. An all-out acquisition would be an aggressive, turn for Didi, which has traditionally mostly focused on investing in comparable regional startups rather than buying them outright. Other ridesharing companies that Didi has invested in include Grab in Southeast Asia, and Careem in the Middle East.Didi has not disclosed the terms of the 99 acquisition, but the New York Times reported the deal  to be worth around $600 million. 

If this is true it marks the clearest sign yet that Didi will not stay confined to China and will actively aid and directly compete with Uber’s rivals across the globe.According to quartz which reported the deal weeks ago before it was finalised, some Didi employees had relocated to Brazil to help 99 launch in new cities. 

The regional growth strategy of the Chinese ride hailing app also appears to align with Didi’s own global interests. Just last month, the company was reported to be planning an entry into Mexico alongside expansions in its Asian home market, most recently expanding into Taiwan through a franchising model. The acquisition  is a reminder to the fact that Uber and Didi have not yet reached a proper truce and seems to be fighting for increasing dominance. In August 2016, the two companies ended their rivalry in mainland China when Didi acquired Uber’s operations while investing $1 billion in Uber’s global business. In exchange, Uber took a roughly 17% stake in Didi.Meanwhile Didi currently has international tie ups and partnerships with over seven "major international players", serving more than 1,000 cities worldwide, including Southeast Asia’s Grab, India’s Ola, US-based Lyft and Europe’s Taxify.

November 27, 2017

inmobi founders take on ola and zoomcar

yulu bike sharing app to compete againts ola and zoomcar
The Yulu bike sharing app

After Ola and Zoomcar, one of India’s biggest Unicorn, Inmobi has decided to foray into the online bike sharing platform. 
Early this year Ola has already started to address the last-mile connectivity by enabling users to share bikes in ensuring reliable mobility in one of the leading industrial centres in North India. Ola offers a range of smart commuting options in Faridabad that include multiple cab options like ‘Sedan’ and ‘Mini’, ‘Auto’, ‘Ola Share’, ‘Ola Outstation’, ‘Ola Rentals’ and now ‘Ola Bike’. The launch of bikes on the Ola app follows the Company’s MoU with the Govt. of Haryana to introduce innovative commute options for citizens across the state. Ola Bike is currently available in Faridabad at Rs. 5 per kilometer with Rs. 20 as base fare for first 3 kms, making them immensely useful for short trips”.

Among the latest entrant in the bike sharing platform would be Yulu, co-founded by Amit Gupta, who formerly co-founded profitable, billion-dollar startup InMobi. In the next three to four weeks, Yulu will launch its bike-sharing service in Bangalore with a few hundred bicycles. Yulu is starting with regular, dockless bicycles that people can rent using their iOS or Android phone. The bikes unlock via QR codes and bill the rider for every 30 minutes of use.

In order to achieve scale, Yulu is working with local city governments in India to create more dedicated bike lanes as well as working with agencies to carve out places that are safe to park the bikes. 

The Indian Bike-sharing has become a hot space for founders and VCs alike in view of rising four wheeler traffic, lack of  proper public transport ,congested roads and high vehicular pollution.  In China, companies Ofoand Mobike have both achieved unicorn status for their respective bike-sharing startups. 

In the  U.S., investors have poured in $62 million to LimeBike and $8 million into Spin as both startups aim to compete against Motivate, the company behind Ford’s GoBikes in San Francisco and CitiBikes in New York City. 

Inmobi'' Founders Yulu will have bicycles powered by GPRS, GPS and Bluetooth technology that gives freedom to rent and return bikes from all major places in the city using Yulu app. It already has set up a secure and hasslefree digital wallet to pay.To operate Yulu, users will need to install the Android or iOS app and load their wallets using Paytm, UPI, credit cards or debit cards. The platform will work on a pay-per-use model, where users will be billed for every 30 minutes of use. Apart from this, Yulu will also generate revenue from advertising on bicycles and data from its usage. Registered users will be able to unlock a bicycle by scanning the QR code on bicycles and can start their ride.An advance low energy protocol of Bluetooth and GPS makes it dockless, thereby giving freedom to Yulu users to pick and drop our bicycles anywhere under the sun….Unlike Uber, where a car comes to the users, one just needs to locate the nearest available bicycle and walk towards it. 

Meanwhile Self-driving car service provider Zoomcar have already  launched PEDL, the country’s first technology-enabled cycle sharing facility in three cities in October 2017.The service is available in Bengaluru, Kolkata and Chennai, operating 500 bicycles in the three cities. Zoomcar  has plans to have more than 10,000 bicycles by year-end as part of expanding the service. The cycles are currently available in Besant Nagar, Chennai, HSR Layout in Bengaluru and Golf Greens in Kolkata. 

Zoomcar's bicycles are equipped with smart locks that can be unlocked using a QR code. It also has real-time GPS tracking, solar battery charging and built-in alarms. Each cycle has a multipurpose basket to afford the convenience to customer in travelling for work or leisure. Customers planning to use the cycle need to pay Rs 10 per half an hour via mobile wallet PayTM and need to drop the cycle at any of the PEDL locations. 

 India happens to be the biggest 2 wheeler market in the world currently with over 7.7 million two-wheeler sold in India last year, while China trailed at 16.8 million units "The massive government spending in rural programs and large road-construction projects is leading to a pick-up in volumes in smaller towns and villages. Besides rising incomes and growing infrastructure in rural areas, one big reason for the spurt in sales has been women commuters who like the ease of zipping in and out of chaotic city traffic on their gearless scooters. Honda has the biggest market share in the  scooter market in India and according to the company, its share of women owing scooters stands at 35%. 

However on the flip side Fifty-five lakh two-wheeler's are the biggest contributors to the India's national capital's vehicular pollution, According to environmentalists, bikes and scooters emit nearly 32 per cent of air pollutants generated by the transport sector in Delhi. Diesel-run trucks account for nearly 28 per cent of vehicular pollution in Delhi.