The on-demand taxi booking model is in itself an offshoot of a great disruption in the tech space. Despite everything, the on-demand taxi startups faced a lot of disruptions which were defended by introducing niche features. Hence, disruption is a part of operating the on-demand business. Not to mention that many startups failed to cope up with disruptions. So, any kind of technological change or...
The cost of car ownership is making the young generation to change their attitude towards transport. This case is not isolated and is obvious across the world, especially in the US. On-demand taxi booking startups like Uber and Lyft came as a boon to the millennials; a smartphone with a network is necessary to book a taxi. It is even found in a survey that taxi startups like Uber have a large...
Instances of failed transaction in payment is haunting the on-demand taxi industry. At present, more than 50% of the taxi fare is paid in cashless format. This is a giant stride in the on-demand taxi segment, but failed transactions are a serious issue that affects the reliability of the taxi service. If you are operating or yet to launch a taxi startup like Uber, then you must be apprehensive...
Uber has created a lot of impact in the on-demand taxi market and because of that many such tech startups are looking to build apps like Uber and launch a startup. The ride handling market just after Uber seemed like a fad but, 10 years have passed and it has not lost its momentum. With the present pace of expansion of the ride handling market, it is expected to reach $220 billion in revenue by...
With growing consumer popularity and business adoption, the on-demand taxi economy is growing at a faster pace. Launching a taxi startup in 2020 is the right decision to take and for that, you need to work from now. As an entrepreneur, you have to understand that not every business has to be started from scratch, with some modification it is possible to launch a world-class startup. On-demand...
The global taxi booking market will reach $250 billion in value by 2025. Which is up by 400% from the present value. The taxi booking economy consists of both medium and regional startups to big MNCs like Uber and Lyft. In this large valued market, only a few big firms are dominating which leaves very little room for others. Only when regional taxi startups expand to new markets and offer new...
Online taxi-hailing market mostly comprises of regional startups which don’t have any major financial backing. And new firms which enter this market are also bootstrapping their business. For these new and existing firms, getting an investor can be a game-changer. While there are many ways to get investment for a startup, individual angel investors and investment groups are something accessed...
On-demand taxi hailing startups grabbed the attention of many. Not to mention its worldwide reach and entrepreneur’s craze for it. On the other side, we can see some riders and entrepreneurs showing apprehensions towards it. I think it is because of some misconceptions and myths. In this blog, I have tried to clear it with good examples. Let us now see one by one. What are the Myths about On...
Many small taxi startups operating across the globe struggle to get good revenue and this is not necessarily because of very high competition. We have seen many small startups outperforming the bigger ones. Mostly the issue is at the grassroot level and by eliminating it, these startups can regain their lost glory. Now let me give you some info about the reason, Why on-demand market leaders are...
