Redseer's report on Digital Economy throws some interesting insights on the overall digital economy of India
As per reports coming in, Ola has managed to raise massive $2 billion from a consortium of investors, which includes Softbank, Tencent and Ratan Tata.
The party seems to be over. Now that Ola and Uber are concentrating on making profits, the driver's incentives have decreased drastically.
Uber will ditch the controversial feature, and will ensure the location data is shared only while the app is being used. The new update will roll out soon.
Airports Authority of India, the body which maintains airports all over India has partnered with Uber and Ola for opening up kiosks across airports.
The new model has been designed keeping in mind that organisations want more accountability from its employees and root out those who try to game the system.
With Uber's in-app chat feature you can now connect with your driver, for maybe informing them of your exact location; without sharing your number.
Uber India Registers 115% Year-On-Year Growth; 10 Mind-Boggling Numbers From Their Journey Till Now!
Uber India head recently claimed that the company has grown more than 100% year on year, and they have the numbers prove it.
The Indian Government does not want only 2 cab hailing companies to have a monopoly in the market, so they are now in the process of launching their Own Cab-hailing app to compete with Uber & Ola!
App based cab aggregation is, no doubt, a capital centric approach to business, and every active player in this niche - Uber, Ola mainly, are burning money to survive. But the business model is nothing short of magic - without owning…