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<ul><li>In an interview with Business Insider, Amit Singh, co-founder and CEO, <keyword id="3009822" type="PERSON" weightage="20" keywordseo="Shuttl">Shuttl</keyword>, said the company is not competing with <keyword id="1042120" type="PERSON" weightage="20" keywordseo="Uber">Uber</keyword> and <keyword id="6354720" type="UNKNOWN" weightage="20" keywordseo="ola">Ola</keyword> and instead complements them. </li><li>Shuttl has taken a public transport provider – bus – and offered it as a private transport service.</li></ul>India’s transportation industry has seen the rise of homegrown <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">startups</keyword> like Ola and the entry of global bigwigs like Uber. When bus aggregator and mobility app Shuttl came in 2015, it operated in the grey area between public and private transport. So, Shuttl competes in a market that already has public transportation like the metro along with convenience factors like Uber and Ola. Amit Singh, co-founder and CEO, Shuttl, believes they built a category that didn’t exist. “Small changes make the product very different. They are on-demand companies, we are a planned ride share company – with slots, routes and subscriptions,” he said. Singh explains that the difference between transportation and mobility is that mobility is a bottoms-up approach. “We care about where our consumer is, where he/she wants to go and build routes accordingly. Everything is consumer focused. Even when you are doing a traffic study for the metro, you need to be very confident about what the demand would be 5 years down the line as well. If you don’t get it right, viability goes for a toss,” he said. In fact, this was one of the challenges Singh faced when they began working on Shuttl. While buses have been operational in India for ages, they had not really been integrated with technology. This meant that Singh had no proof-of-concept whether the startup would actually take off.

Here’s why Shuttl is not in a competition with Uber and Ola

<keyword id="6354720" type="PERSON" weightage="100" keywordseo="Ola">Ola</keyword>, which is India's largest mobility app, has started piloting Bike Taxis in Bengaluru after introducing bus services, thus strengthening its place in the mobility market. 
 
The bike taxis would run at an introductory fare of Rs 2/km and Re 1 per minute of trip time would be added to the bill. In a statement by Ola, the minimum fare is reported to be Rs 30. 
 
Pranay Jivrajka, Ola’s COO said, "We expect significant demand in the pilot phase and we will continue to scale this service up in the coming weeks to cover more areas in the city." 
 On the other hand, Ola’s prime rival <keyword id="1042120" type="PERSON" weightage="100" keywordseo="Uber">Uber</keyword> has also announced the experiment of offering Bike taxis in Bengaluru, but at a higher cost of Rs 3/km. The minimum fare in Uber bike taxi rides would be Rs 15. 
 
<a href="http://blog.olacabs.com/ola-bike-taxis-launched-in-bangalore/">Image source</a>

Ola hits at Uber with cheaper bike taxis in Bengaluru

Starting January, Delhi government would make sure that both Delhi’s traffic and the polluted air that floats in Delhi are kept under check. It would be done by cutting the number of private cars on its roads by about half, allowing private cars with odd digits as registration numbers on one day and those with even on the next. The Delhi government is also making sure that there are enough buses, autorickshaws and Metro coaches to accommodate the resulting number of people relying on Delhi public transports. 
 On the other hand, the brains behind taxi companies and car aggregators such as <keyword id="1042120" type="PERSON" weightage="20" keywordseo="Uber">Uber</keyword>, <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> and <keyword id="205081" type="CITY" weightage="20" keywordseo="Meru">Meru</keyword> Cabs are already planning on steps to take the best advantage of this step taken by the <keyword id="260213" type="PERSON" weightage="20" keywordseo="Arvind-Kejriwal">Arvind Kejriwal</keyword> government. 
 Uber, for example, is planning to launch <keyword id="6591085" type="UNKNOWN" weightage="20" keywordseo="UberPool">UberPool</keyword>, its car pooling service, in Delhi after a successful run in Bengaluru. While Bangalore UberPool service is only meant for commercial vehicles, the Delhi arm would target the 28 lakh private car owners. 
 
Meru, on the other hand, will be launching a mobile app in January so that passengers can pool cabs online. "The app will identify two people within a radius of two-three km travelling in the same direction and can share their taxi ride," Meru CEO Siddhartha Pahwa told ET. "The driver will pick one person first and within 10 minutes will also pick up the second person." Meru, which is already running many cabs on Delhi roads, is expecting almost 30% rise in the demand for cabs during the trial period. To attract customers, it would offer 35% discount for ride sharing. Even if a passenger can't find someone to share the ride, he or she would still be given the discount. 
 
Ola, the taxi aggregator service, recently launched minibus shuttle services in Gurgaon and Noida, which they plan to extend to Delhi. The taxi-sharing app is being beta-tested in Bengaluru right now, and could very well be rolled out in NCR to make use of the odd-even rule. 
 
Delhi is one of the world's most heavily polluted cities, which is why the government has planned to launch this odd-even scheme. Starting January 1, a 15-day trial period would begin between 8 am and 8 pm, Monday to Saturday. As per the rule, odd-numbered cars would be allowed to run on odd dates and those with even numbers would be allowed on even dates. 
 
Home Minister Rajnath Singh has given his support to this the plan at a recent meeting he had Delhi CM Kejriwal. It means that Delhi Police, which comes under the control of the central government, would be taken on board to ease the application of this rule. 
 
To discuss a carpooling policy, fleet owners and taxi aggregators, including representatives of Pool my Ride, Embarq India, Tripda.in, Carzonrent, Uber, Ola, Shuttl.com, NearGroup.in, Ibibo Ryde, Mega Carpool Pvt., Mega Cabs, LetsDriveAlong.com, BaxiTaxi, Orahi and 
Cykul, had a meeting with the members of the Delhi Dialogue Commission, which serves as the think tank of the Delhi government. 
 
<a href="http://economictimes.indiatimes.com/photo/Ola-to-invest-Rs-150-crore-in-Andhra-Pradesh/48986145.cms">Image source</a>

Cab aggregators to reap the benefits of Delhi’s Odd-Even car rule

Travelling within the city is a bane for all especially those who travel long distances for work. While women are increasing joining the workforce, their daily commute is still a tall task. While many companies provide women safe shuttle service between their homes and office, the majority is dependent on using either public transport or taxi services like <keyword id="1042120" type="PERSON" weightage="20" keywordseo="Uber">Uber</keyword> and <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> for their daily commute. While these services are convenient, they aren’t quite foolproof when it comes to safety as rape cases are reported even as cab operators claim to be more vigilant. From mob lynching to chain snatching, everyone who travels in public transport has to increasingly be careful on the road. 

 

 <div type="embedgroup"> <div type="Article" hostid="261" msid="59730039" title="Meet the Indian who&amp;#39;s fuelling Asia’s online video consumption" rank="1.0" kind="RELATED" publishDate="Jul 24, 2017, 2:00 PM" mstype="2" mssubtype="0"></div></div> To hopefully make roads safer, <keyword id="3009822" type="UNKNOWN" weightage="20" keywordseo="Shuttl">Shuttl</keyword>, which is India’s largest app-based bus service platform has introduced ‘Shuttl S.A.F.E.’ (Secure Anxiety Free Experience) - a project which provides multiple safety checks to every commuter through embedded technology features that also ensures responsible behavior by its bus drivers. An in-house creation by Shuttl’s technology team, <keyword id="4817841" type="UNKNOWN" weightage="20" keywordseo="shuttl-safe">Shuttl SAFE</keyword> is designed with Safety and Emergency tools for the commuter which will ensure safe travel within Delhi-NCR. The project provides the following Safety and Emergency tools for its commuters. <div type="embedgroup"> <div type="Article" hostid="261" msid="59684409" title="Cashback on Paytm will now directly get converted into an online Gold Investment" rank="1.0" kind="RELATED" publishDate="Jul 20, 2017, 6:24 PM" mstype="2" mssubtype="0"></div></div>






 

BEFORE BOARDING SHUTTL SAFE <ul><li>Face-based check-in - a seamless, magical boarding experience, along with authentication to ensure safety for both driver and consumer. This feature provides details of ID, allowing only authorized drivers to operate thus bus and on the commuters side, it ensures that only validated, genuine commuters to board the bus</li> <li>Alcohol detector - The bus ignition is linked with a tech-based alcohol detection test which ensures zero incidence of drunk driving</li></ul> DURING THE RIDE <ul><li>SOS and Panic button on the Shuttl App helps the commuter trigger emergency response, when in danger plus a physical panic button is available on each Shuttl SAFE bus</li> Live <keyword id="6354857" type="COMPANY" weightage="20" keywordseo="CCTV">CCTV</keyword> recording has auto alert feature which alerts the aggregator if anyone inside the bus is in danger</ul>AFTER DE-BOARDING <ul><li>Homecheck, a call-back confirmation to ensure that she has reached home safely</li></ul>The safety of the customer doesn’t stop just in the bus but by the above feature also goes beyond where a user’s journey is tracked on-request right down to her final destination.

 

 <div type="embedgroup"> <div type="Article" hostid="261" msid="59730212" title="Here’s why Pepperfry is taking the Omni-channel route before IKEA enters the Indian market" rank="1.0" kind="RELATED" publishDate="Jul 24, 2017, 10:00 AM" mstype="2" mssubtype="0"></div></div>




 <keyword id="217165" type="PERSON" weightage="20" keywordseo="Amit-Singh">Amit Singh</keyword>, Co-Founder of Shuttl told Business Insider, “With 20,000 completed rides and 450 buses, we are trying to make public transport convenient for all. As our last passenger gets dropped off at latest 11 PM, we wanted to enable a great experience which is not tainted by worry or boredom. Our prices for routes typically start at Rs. 49 and go up to Rs. 89 which is affordable for most. With an assured seat, the customers only tend to gain from this service.” Singh also assured that the prices of the daily pass will not be affected as these costs are a part of customer acquisition for the company. Shuttl SAFE is also equipped with productivity tools for the commuter such as Shuttl TV, with exclusive content by Shuttl that engages the commuter while travelling to work. All seats shall be provided with earphones for the commuters to experience engaging content on Shuttl TV. Thus, controlling sound-levels within the Shuttl thereby taking care of the commuter’s privacy where she is also free to engage in any other personal activity without any disturbance. In addition to this, free WiFi will be available that allows commuters to read, socialize, shop and manage their personal tasks when travelling. Ride-share is also another new feature that Shuttl has launched with SAFE where the commuter can share their ride details with a friend or a family member who can then track their respective rides. All Shuttl buses will be equipped with these features and would be rolled out in phases on all Shuttl routes by the end of this year starting with the safety features.

Shuttl is trying to be the safest commute option for the working class

<keyword id="3590566" type="UNKNOWN" weightage="20" keywordseo="RNT-Capital">RNT Capital</keyword> Advisers, a venture fund set up by <a href="http://www.businessinsider.in/searchresult.cms?query=ratan+tata&amp;sortorder=effectivedate">Ratan Tata</a>, is likely to lead an investment round of $100 million, or Rs 650 crore in India’s top ride hailing app <a href="http://www.businessinsider.in/searchresult.cms?query=ola&amp;sortorder=effectivedate">Ola</a>. 
 
Tata may invest $60 million, while rest will be invested by New York-based hedge fund <a href="http://www.businessinsider.in/searchresult.cms?query=falcon+edge+capital&amp;sortorder=effectivedate">Falcon Edge Capital</a>. Besides, <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> is also in talks with other investors and looking get funding of $200 million. 
 
If the deal goes through, Ola's valuation will rise to $3.5 billion. 
 
"This new $100 million commitment (will happen) at a higher valuation,” ET quoted sources as saying. 
 <keyword id="6360722" type="PERSON" weightage="100" keywordseo="ratan-tata">Ratan Tata</keyword> has invested in 30 startups earlier in his personal capacity and this Ola’s investment will be the first major transaction by RNT Capital. RNT Capital has set up a $250-million corpus with University of California Investments (UC Investments) to invest in Indian companies. UC Investments manages a corpus of $100 billion across endowment and pension funds, and announced the venture with Tata in February 2016. 
 
Ola is also planning to work with the Indian Government and introduce electric vehicles in the top cities in the next three months. 
 
ET quoted analysts and employees at Ola, saying Ola clocked about six million weekly rides on an average between September and December 2016, across all its offerings-cabs, auto rickshaws and shuttle buses. “The major source of revenues for both Ola and Uber-around 70-75% - comes from their economy services including Ola Micro, Mini and UberGo,” analysts told ET. 
 
Ola is leaving no stone unturned to fight out the increasing pressure from <a href="http://www.businessinsider.in/searchresult.cms?query=uber&amp;sortorder=effectivedate">Uber</a>. 
 "Since <keyword id="1042120" type="PERSON" weightage="20" keywordseo="Uber">Uber</keyword> has been operational for 2-3 years, investors will start asking questions related to profitability,” an analyst tracking the space told ET on the condition of anonymity.

Ratan Tata likely to lead $100 million funding round in Ola; valuation may touch $3.5 billion

A day after <a href="http://www.businessinsider.in/searchresult.cms?query=arvind+kejriwal&amp;sortorder=effectivedate">Arvind Kejriwal-led Delhi government</a> warned cab operators such as <keyword id="1042120" type="PERSON" weightage="20" keywordseo="Uber">Uber</keyword> and <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> against <keyword id="6405687" type="UNKNOWN" weightage="20" keywordseo="Surge-Pricing">surge pricing</keyword> during the <a href="http://www.businessinsider.in/searchresult.cms?query=odd+even+rule&amp;sortorder=effectivedate">Odd-Even rule Part II</a>, the state government is now working to create a framework to plug in surge pricing permanently. 
 
A policy is being prepared in which a price band would be set for the cab operators. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=ola&amp;sortorder=effectivedate">Ola</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=uber&amp;sortorder=effectivedate">Uber</a> have suspended the surge pricing till April 30, last day of Odd-Even but it is yet to be seen how the new policy will affect the taxi aggregators. 
 
"The central government has told all states to prepare a policy. Two states have already made it. We are also making it. To ensure better service for citizens, the minimum and the maximum will be etched out. Rest, it is the operator's decision," a senior official told ET. " 
 
However, Ola and Uber said they are not transport companies and just technology providers. 
 
READ ALSO: <a href="http://www.businessinsider.in/Odd-even-scheme-Facing-criticism-Ola-Shuttle-announces-free-rides-in-Delhi-NCR/articleshow/51912224.cms">Odd-even scheme: Facing criticism, Ola Shuttle announces free rides in Delhi-NCR</a> 
 
While Uber and Ola both confirmed that surge pricing as a core business model won't change for India, both are encouraging riders to choose their carpool and ride share services. That increases one's possibility of hailing a cab, and taxi aggregators still get your cash. Something's better than nothing, after all. However, between the clash of the Titans, two people get stuck, the rider and the driver. 
 
The companies aren't very happy for obvious reasons. On one hand is the obvious hit to the business, on the other hand local governments playing around with their core business model leaves them struggling to supply enough cars in high-demand metros. 
 
READ ALSO: <a href="http://www.businessinsider.in/Exclusive-Uber-says-surge-pricingas-a-core-model-wont-change-for-India/articleshow/51905905.cms">Exclusive: Uber says surge pricing as a core model won’t change for India</a> 
 
Meanwhile, the policy will take at least 20 more days to finalise. 
 
Kejriwal said that the surge pricing is daylight robbery and no responsible government can allow that.

Delhi govt wants to make sure Uber, Ola cabs come with fixed price band

Keeping in mind the vast online commuter market, India’s top cab aggregator, <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> is now prepping-up to introduce <keyword id="3071546" type="UNKNOWN" weightage="20" keywordseo="motorcycle-taxis">motorcycle taxis</keyword>. 
 The Bangalore-based cab aggregator also plans to launch a shuttle bus service. Not just this, but Ola users will now be able to avail <keyword id="3072073" type="UNKNOWN" weightage="20" keywordseo="car-pooling">car-pooling</keyword> feature on its mobile application, reported The Economic Times. 
 
The motorcycle taxis and shuttle service, however, might face regulatory issues as these do not have any legal frameworks so far. 
 
Internal sources, requesting anonymity, informed that the bike taxis will be on the lines of Indonesia's GoJek, Blue-Jek and Grabbike, which is being used to transport people as well as goods. 
 Another major add-on to the mobile application, <keyword id="3071503" type="UNKNOWN" weightage="20" keywordseo="OlaShare">OlaShare</keyword>, is being worked-on for quite some time now. The company, however, declined to respond on the email queries by the business daily. 
 
The firm is also in the <a href="http://www.businessinsider.in/Ola-Cabs-new-round-of-fund-raising-to-value-it-above-5-billion/articleshow/49072304.cms">advanced stage of closing a financing round</a> of about $500 million (Rs 3,000 crore), which will give a muscle to the firm for its forthcoming plans. 
 The new services, if compared to the other cab-service providers, might give a tough fight to San Francisco-based <keyword id="1042120" type="PERSON" weightage="20" keywordseo="Uber">Uber</keyword>, which is targeting to enhance its business outside the US with India being one of the most potential markets. 
 
<a href="http://www.businessinsider.in/Uber-hopes-to-make-India-its-second-largest-market-sees-Ola-as-competition/articleshow/49087294.cms">(​Uber hopes to make India its second-largest market, sees Ola as competition)</a> 
 
Uber, however, introduced UberPool, its car-pooling service in India, starting with Bengaluru. 
 
Kartik Hosanagar, a professor of technology and digital business at The Wharton School termed the bike-taxi move an interesting one and said, "As of now, it should be seen as an experiment. But one with tremendous potential for Ola... However, the company would have to navigate around regulations." 
 
HeyTaxi, a Mumbai-based motorcycle-taxi company which was launched in June, came under fire from the city's transport department, which has termed the service illegal. 
 A top official at <keyword id="151058" type="ORGANIZATION" weightage="20" keywordseo="Delhi-Transport-Department">Delhi Transport Department</keyword> said the state was framing a scheme for a motorcycle-taxi service but there were issues to consider. "As of now it will be deemed illegal. We were planning to launch such a service in Delhi but have put it on hold due to safety concerns," he said. Instead, Delhi launched a scheme for renting self-driven motorbikes in August. 
 
Car-pooling services, too, are in a regulator grey zone. Several state governments encourage personal carpooling as a way to lessen traffic and pollution, but as a business, the service is not covered under any legal framework. 
 
Safety is another area of concern, as riders would have to car-pool with strangers. Meru Cabs verifies co-riders with their PAN or Aadhaar numbers while BlaBlaCar mandates a social network account such as Facebook for logging in. 
 
Experts, on the other hand, agreed upon the fact that car-pooling as a business has huge potential. 
Image: thinkstock

Ola is going for the kill! Uber already sees it as competition

After taxi and auto services, Ola is now preparing to start shuttle bus services and is aggregating tourist and chartered buses for the same. 
 
In a bid to emerge as a complete urban transport solution provider, Ola is expected to launch the bus service in next two months. Like other services, Ola Bus will also be integrated in the same app from which people choose between autos and cabs. 
 
Bhavish Aggarwal, co-founder and CEO of Ola, in a statement, said Ola is focussed on building mobility for a billion people. 
 
A senior company executive told Economic Times that Ola will not own any of the buses and use tourist and chartered busses to aggregate supply. 
Reportedly, Ola’s estimated worth is around Rs 15,700 crore, or $2.5 billion. 
 
"Passengers will be able to make bookings by entering the desired destination and time preference; the app will then indicate the closest bus with available seating,” the senior executive told ET. 
 
Sundeep Sahni, a vice-president for new initiatives, would rollout the bus services. 
 
As per the experts, Ola's bus service will expand its user base and boost revenue. 
 
Founded by IIT-Bombay graduates Bhavish Aggarwal and Ankit Bhati, the five-year-old startup is estimated to clock a revenue run rate of around $450-500 million, and is aiming for gross revenue of $1 billion by the end of 2015. 
 
"They started with taxis and moved to autos. The company wants to establish itself as a transport technology platform rather than be dependent on one mode," Jaspal Singh, cofounder of Valoriser Consultants, a market research firm for transport companies told the financial daily. 
 
As per reports, nearly 1.5 lakh buses transport around 70 million people every day and 23 million people travel by train. 
 
Apart from venturing into several new categories, including food and grocery delivery, Ola is presently working on carpooling, ecommerce on-demand deliveries and logistics. 
 
(Image: Indiatimes)

You may soon be hopping on to an Ola-bus!

In a bid to control the alarming levels of Delhi’s air pollution, CM <keyword id="260213" type="PERSON" weightage="100" keywordseo="Arvind-Kejriwal">Arvind Kejriwal</keyword> has planned to allow private vehicles with even and odd registration numbers on alternate days from January 1 next year. This step, however odd it may sound, can get really beneficial for bus aggregation startups like <keyword id="3009822" type="UNKNOWN" weightage="100" keywordseo="Shuttl">Shuttl</keyword> and <keyword id="3009942" type="UNKNOWN" weightage="100" keywordseo="ZipGo">ZipGo</keyword>, who can jump on the opportunity to offer their services to more people now. 
 
Shuttl, which is the largest bus aggregation players in the Delhi-NCR has around 500 vehicles on its network. ZipGo too has entered the Delhi market, and has plans to launch women-only buses. 
 
3 million people already use metro every day to commute, while for buses this number is 5 million. With 50% of Delhi’s private vehicles taken off road, the public transport needs to be made more efficient. 
 Mumbai-based venture <keyword id="3009821" type="UNKNOWN" weightage="100" keywordseo="rBus">rBus</keyword> is also evaluating a Delhi launch after the announcement, even as Kejriwal later confirmed that this step would be more of an experiment for the first two weeks of January, and results would determine the final step. 
 Big players like Ola and Uber would wait for the results before bouncing on the opportunity. "Delhi being one of our major cities and headquarter, we will be looking to bring <keyword id="6591085" type="UNKNOWN" weightage="100" keywordseo="UberPool">UberPool</keyword> there very soon," an Uber spokesperson told ET. 
 
<a href="https://www.facebook.com/shuttlapp/?fref=ts">Image source</a>

Kejriwal's odd-even rule to benefit bus aggregation startups

Cab aggregator <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> posted a consolidated loss of over Rs 2,311 crore -- about Rs 6 crore a day -- during fiscal 2015-16, on account of heavy advertising and promotional expenses and high employee cost, as per a news report by PTI.The Bengaluru-based firm, which is locked in an intense battle for leadership with US-based Uber, has seen its losses widen about three times from Rs 796.11 crore in 2014-15, Ola said in a filing with the Ministry of Corporate Affairs.<keyword id="2200842" type="UNKNOWN" weightage="20" keywordseo="ANI-Technologies">ANI Technologies</keyword> -- which runs Ola -- did see its revenues registering a stellar growth at Rs 758.23 crore during 2015-16 compared to Rs 103.77 crore in the previous fiscal.Emails by PTI sent to Ola remained unanswered.<keyword id="2385099" type="UNKNOWN" weightage="20" keywordseo="Anchal-Agarwal">Anchal Agarwal</keyword>, co-founder of research and analytics firm <keyword id="4159482" type="UNKNOWN" weightage="20" keywordseo="Tofler">Tofler</keyword> said while the absolute amount of losses have indeed widened, the loss margin has "reduced considerably"."They spent almost Rs 8.5 for every rupee earned in 2014 -15. That number is down to almost Rs 4 for every rupee earned for 2015-16. With the pull-back in incentives etc in recent months, it's possible this has now dropped to levels at par with e-commerce companies that spend roughly Rs 2-3 for every rupee earned," she added.The consolidated numbers include financials of ANI Technologies, Ola Fleet Technologies (leasing business), <keyword id="1062211" type="UNKNOWN" weightage="20" keywordseo="Serendipity-Infolabs">Serendipity Infolabs</keyword> (Taxi For Sure) and Zipcash Card Service (46 per cent ownership).In August 2016, Ola shut down the TaxiForSure (TFS) business, about 18 months after acquiring the rival for USD 200 million.As per the filing, Ola's losses were widened on account of employee related expenses rising over five-fold to Rs 461.60 crore in the said fiscal from Rs 85.16 crore in 2014- 15. Similarly, Ola expanded its advertising and promotional expenditure to over Rs 437.89 crore in 2015-16 from Rs 99.84 crore in the previous year.Both Ola and Uber have loosened their purse strings to bring more riders and driver partners on board, offering them discounted rides and incentives, in a bid to wrest control of the lucrative Indian market.Over the last few years, the explosion of smartphones in India the world s second largest telecom market in terms of subscriber base has made it more convenient for consumers to book a cab on the go through apps and secure payment options.Companies like Ola and Uber have made booking a taxi ride as easy as a couple of quick taps on the phone screen.Since ANI Technologies is not a publicly-traded company, it is not obligated to disclose quarterly performance. It has raised investments of over USD 1.5 billion from investors, including <keyword id="163404" type="COMPANY" weightage="20" keywordseo="Softbank">SoftBank</keyword> Group, Tiger Global, Matrix Partners, Steadview Capital, <keyword id="270604" type="ENTERTAINMENT" weightage="20" keywordseo="Sequoia">Sequoia</keyword> India, Accel Partners US and Falcon Edge.In November, Ola raised about USD 250 million from SoftBank, albeit at a lower valuation of USD 3 billion (compared to USD 4.5 billion earlier). The company's Board has recently approved a proposal to raise another USD 100 million from investors, which it said would be "primarily to fund its expansion plans".Ola, which has a presence in 110 Indian cities compared to Uber's operations in 29 cities, has been aggressively expanding its portfolio of services. It has a number of offerings like Micro (affordable), Mini, Prime (sedan), Lux (luxury), Outstation, Share (shared rides), Auto, Rentals, Shuttle (buses) and e-rickshaw. Ola, which claims to have over 6,00,000 vehicles across cabs, auto-rickshaws and taxis, is also placing big bets on new technologies like electric vehicles to stay ahead of competition

Bleeding bad: Ola roughly spent Rs 4 for every rupee earned during 2015-16

New Delhi, Feb 27 () Shared economy in India is poised to become a USD 2 billion industry by the end of the year, a report by Maple Capital Advisors said on Thursday. Also, such services attracted about USD 3.5 billion worth of private equity, and USD 262 million in mergers and acquisitions (M&amp;A) between 2015-19, the report titled 'Shared Economy - India Story' said. The sector, predominantly driven by shared mobility, co-working, co-living and furniture rentals, is pegged to be an about USD 2 billion industry in the organised-end and growing in double digits, it said. In 2019, the segment was estimated to be about USD 1.5 billion in size in India. Shared economy includes segments like co-working (Awfis, WeWork India), co-living (Stanza Living, OYO Life, Oxford Caps), shared mobility (Uber, Ola, Shuttl) and furniture rental (Furlenco, Rentomojo.) "High mobile penetration, high millennial concentration, and an aspirational population, Asia has highest willingness to use shared assets. India mirrors Asia trends in these aspects and is thus, poised for high growth and adoption of shared services," it added. Maple Capital Advisors Managing Director Pankaj Karna said India is at the cusp of a shared economy revolution. "We are already witnessing phenomenal growth in this segment with both international companies and home-grown start-ups vying for market share. Even as the space is nascent over USD 3.7 billion has been invested in this space," he said. Karna added that this is expected to accelerate on the back of compelling demand and unit economics. SR ABM

You Searched For "Ola Shuttle" and got 11 results

Here’s why Shuttl is not in a competition with Uber and Ola

Sanchita Dash

Ola hits at Uber with cheaper bike taxis in Bengaluru

BI India Bureau

Cab aggregators to reap the benefits of Delhi’s Odd-Even car rule

BI India Bureau

Shuttl is trying to be the safest commute option for the working class

Tanya Dubey

Ratan Tata likely to lead $100 million funding round in Ola; valuation may touch $3.5 billion

BI India Bureau

Delhi govt wants to make sure Uber, Ola cabs come with fixed price band

BI India Bureau

Ola is going for the kill! Uber already sees it as competition

BI India Bureau

You may soon be hopping on to an Ola-bus!

BI India Bureau

Kejriwal's odd-even rule to benefit bus aggregation startups

BI India Bureau

Bleeding bad: Ola roughly spent Rs 4 for every rupee earned during 2015-16

BI India Bureau

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PTI

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