An ex-Drivezy employee claims that around 120 cars and 200 bikes were purchased under a decentralized asset model after the first ICO. While Singh told The Ken that the company currently has 8,000 two-wheelers and 3,000 cars on its platform, he refused to comment on how many of these are on the P2P model. The … Read moreSharing is caring, but ownership is a headache
Anil Kumar gets up from his chair. There’s an inquisitive look on his face. Broad forehead hands firmly in the side pockets of his formal trousers. “So, what are people saying about us?” he asks. Oh, people have a lot to say. They say that RedSeer is biased. That it cherry-picks data to suit the … Read moreHow does RedSeer know who kicked ass?
Thanks to the initial lack of enthusiasm towards bicycles, mobility startups—like Mobycy—are now increasingly turning to e-scooters. But Bengaluru-based two-wheeler rental platform Bounce hasn’t given up on bicycles yet. It has reportedly bought out Ofo India’s bicycle assets. Now, why is a two-wheeler rental company interested in cycles? Possibly to have a fleet of a … Read moreRiding the e-scooter wave
n 2015, Amit Saberwal started RedDoorz in Indonesia. A hospitality executive, Saberwal cut his teeth at MakeMyTrip before he started out on his own. What Oyo is to India, RedDoorz is to Southeast Asia. As things stand today, the company manages 680 hotels across Indonesia, the Philippines, Singapore, and Vietnam. That’s about 17,000 rooms across … Read moreWe are a quiet company and we don’t bribe
This reveals an interesting facet about OYO’s business model. A minimum guarantee is a double-edged sword. OYO might have abandoned its Ponzi-like scheme of partial inventory, wherein hotel owners had perverse incentives to boost imagined usage. But the new model of picking up total inventory has its own share of risks as is apparent by … Read moreGetting away with the minimum guarantee
Brand loyalty has long been the Holy Grail for consumer-facing companies across the world. Look at Amazon Prime. From providing free shipping to Prime members for an annual fee in 2005, subscription benefits today include the streaming of music and television content. Last year, it crossed the 100 million paid subscribers to mark globally. But … Read moreWhy do restaurants list on Zomato Gold? FOMO
Helping OYO along is the fact that traditional hotel chains in China have a high barrier for membership. A chain will typically ask for a series of fees—membership fee, a fee for the computer system, a deposit, and other expenses. And these are on top of the renovation fees an owner has to pay out … Read moreOYO has doubled the inventory in India
The best gifts are those that keep on giving. It turns out buying a gift-management platform could work out the same. Offline payment processor Pine Labs bought gifting platform Qwikcilver Solutions for $110 million last month. And that buy checks multiple boxes for Pine Labs—more revenue, more retailers to reach out in India and internationally. … Read morePine Labs sends itself a $110-million online gift voucher
“Electric vehicles are becoming more acceptable because of improvements in battery technology among other reasons,” says Jay Ritter, a professor at the University of Florida’s Warrington College of Business, known as “Mr. IPO” for his work on initial public offerings. “So all these companies (from Uber in the US to Ola in India) are being … Read moreA golden opportunity for the OLA?
Ask anyone in the Indian startup ecosystem about the state of the state—the answer will inevitably paint the last three years as a “golden period” for Indian startups and investors. Thanks in large part to VC-funded discounts and Jio-fuelled dirt-cheap data, the online market in India is booming like never before. Everything from ride-hailing to … Read moreDecoding Sequoia’s Surge