People who are born after the 80s are called millennials and from these people, we get a peculiar pattern. Most of them are showing the least interest in buying new vehicles. The obvious reason is that when it is possible to get a luxurious cab come to us with a tap on our smartphone, then why spend on new cars? In 2019 we had witnessed a surge in the no. of taxi startups. Also, new startups are...
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...
The app solution is an important part of a taxi startup and it comprises of the customer mobile app, driver app, and an admin web panel. It is clear that the customer and driver app establishes a connection between the taxi startup and the users. Because of this, both these apps must have all the basic features and provide a good overall experience to the users. And, admin web panel is where all...
People between the age group of 25 and 35 are the maximum users of taxi booking app. These people expect any service to give a wonderful experience to them along with the intended service. So the taxi-hailing services must also give an all around riding experience to attract them. If any taxi startups fail to fulfill such expectations, the user will simply move to alternate service. Trying to...
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...
The on-demand taxi startups are revolutionizing life around the world. Aspiring business people are looking to make full use of this by launching similar startups in their region. The first thing they start with is app development. The app establishes a connect with the users and it can’t be compromised. The type of technology stack influences the quality of the app and an inappropriate one may...
Once you have launched a brand new taxi hailing startup, you need to focus on customer acquisition and retention. There are many conventional ways of doing this, but in the fiercely competitive taxi market, it won’t work. Some innovative methods must be applied to do it. For example, some top taxi startups earnestly use features like geofencing for customer engagement and retention. Here, I am...
Surge pricing is a concept introduced by top taxi startups. Soon after it, many small and medium startups started to use this feature. Even, yet to launch taxi hailing firms are willing to add this feature to their taxi app solution. SpotnRides, which develops taxi apps to many startups explains how surge pricing is implemented and the methodology it follows to calculate it. Read this till the...
If you are running a taxi hailing startup using a taxi booking app, then one great thing about the app is that it can be modified and new tech advancements, features can be added any time. This advantage can be used effectively in times of a serious need for your firm. For example, safety is increasingly becoming a concern in on-demand taxis and at this point, it is practical to add promising...
Taxi hailing startup market is the only area which gets most of the funding among on-demand startups. Not to mention the intense competition ranging from top giants to small and regional level startups. So, to those who are running the taxi startup, it is full of challenges day in and day out. There are many tips and hacks to do well in this business but all of them are very common and it may not...