With more than 11 lakh users, 1,300 lenders, U.S. based Biz2Credit, rated as most trusted online credit resource in the U.S. who has already arranged funding of over $1.4 billion in financing in U.S. is all set to revolutionize the Indian Funding market by making finance available to thousands of small and mid-sized companies looking for business loans on best terms.
India has huge market of around 29 million small businesses and SMEs contribute 45% to the country’s industrial output and to 40% of the total exports. The new trends in SME financing are getting influenced by digital revolution. This includes analytics based lending, peer to peer lending and various other variants. Digital Finance will capture at least 10% of the $ 300 billion Indian Funding market.
The biggest hurdle the SME’s face is adequate and timely banking finance, limited capital besides ability to adapt and use latest technologies, identification of new markets, need for an effective marketing strategy, constraints on expansions and non-availability of skilled labour at affordable cost, including demand side constraints.
The lack of organized credit to small business owners is a gap in the Indian financial market today and an inhibiting factor for growth of entrepreneurship in India. Biz2Credit aims to address this gap with its focused digital offerings to provide capital to thousands of small and mid-sized companies for expanding and growing businesses in India in a fast and efficient manner.
India has countless small and medium-sized businesses (SMEs), contributing more than 60% to the economy. Entrepreneurs often resort to using personal credit cards, home equity lines or their own savings to fund businesses when there are much better options. Biz2Credit streamlines the loan application process and finds the best deals on loans, lines of credit and other forms of financing.
We will help Indian entrepreneurs to quickly secure the funding they need to grow their businesses. We are thrilled to help India”s small business finance industry, digitally. Financing on Biz2Credit’s platform ranges from $5,000 to $5 million and can be coordinated in as little as 24 hours for working capital, commercial real estate and other uses.
Using its proprietary technology, Biz2Credit matches borrowers to financial institutions based on each company’s unique profile, in a safe, efficient and price-transparent environment. Biz2Credit’s customers will gain access to full range of Biz2Credit’s offerings including data and risk analytics through the patented BizAnalyzer Score, enabling lenders to process transactions with an automated score card s. Also, the BizAnalyzer Score Simulator Tool will allow SME owners to review a personalized snapshot of their business health will be made available free of cost.
In India Biz2Credit has partnered & tied up with Tata Capital, the flagship financial services company of the $108 billion Tata Group and Busy Infotech Pvt. Ltd. Biz2Credit is in advanced stages in tying up with leading banks/ financial institutions/lenders in India to boost online financing success for individuals and SMEs in India under PM Narendra Modi’s ‘Digital India’ and ‘Make In India’ initiatives which are opening up bigger opportunities for the SME sector.
About Biz2Credit Info Services
Established in 2007 in the U.S., Biz2Credit is an online marketplace bringing together an array of lenders and fund-seeking entrepreneurs and individuals to arrange online SME loans, lines of credit, equipment loans, working capital and other business funding options as well as consumer loans. With more than 11 lakh users, 1,300 lenders, and credit agencies like D&B and Equifax, Biz2Credit has earned a reputation as a trusted online credit resource in the U.S. Biz2Credit has now ventured in India to provide a similar platform for individuals and SME community. For more information, please visit Biz2Credit
Skyscanner has launched an exciting competition calling on developers to build a game-changing new travel tech product using their APIs. The Build with Skyscanner competition offers the best new travel product the chance to be coached by Founder Gareth Williams, spend a week based in Skyscanner’s Edinburgh HQ, as well as bag a £1000 cash boost to kick-start their new business.
Skyscanner is looking for product ideas that have the potential to truly disrupt the travel industry, giving entrants four months to come up with and build their new site or app.
The competition offers the winning team the chance to receive invaluable one-on-one coaching time with CEO Gareth, who himself knows a thing or two about turning a start-up idea into a success. After starting Skyscanner from a simple spreadsheet back in 2003, the business has grown to become a world leading travel search engine, attracting over 50 million monthly visitors, with 10 global offices and over 770 staff.
The entrepreneurial winning product will spend the week in Skyscanner’s office HQ in Edinburgh, where they will also receive coaching from a world-class team of Engineers, Product Managers and Growth Strategists to help their new business take flight. Entrants will power their pioneering new website or app using Skyscanner’s world-class Travel APIs, which connect developers to all the data they need to create innovative and unique travel solutions.
Skyscanner for Business, the company’s independent B2B unit offers three stand-alone APIs to choose from – flights, hotels and car hire – offering the most flexible integrations and inspirational search features in the market.
Skyscanner has already partnered with a number of promising start-ups who have gone on to do great things by using the APIs. LuckyTrip, who power their flight search using Skyscanner’s inspirational Browse API were named as one of iTunes ‘Top Apps for 2015’, while US-based app Hitlist who power their price alerts via the Skyscanner API, have had 400,000 downloads of their app.
We are delighted to invite start-ups and developers to take part in this competition, which we hope will inspire young programmers and businesses to build something truly cutting-edge and bring something fresh to the travel industry. Travel is one the most fascinating industries to due to its complexity and size, and I believe there are endless traveller problems still waiting to be solved. With the right drive and a great idea there is boundless opportunity for trailblazing new products within the travel space.
The competition is now open and entrants can sign up and get started through the Build with Skyscanner page. Keep up to date with the competition on Twitter by following @Skyscannertools and using #BuildwithSkyscanner
About Skyscanner
Skyscanner is a leading global travel search company providing free search of flights, hotels and car hire.
Founded in 2003, Skyscanner helps meet the travel planning needs of over 50 million people each month.
Skyscanner is available in 30 languages.
Skyscanner’s highly-rated free mobile apps have been downloaded over 40 million times.
The privately-owned company employs over 700 staff and has ten global offices in Edinburgh, London, Singapore, Beijing, Shenzhen, Miami, Barcelona, Glasgow, Sofia and Budapest. For more information, please visit Skyscanner
Many a times, we come across instances where we wish that it would have been better to ‘Rent’ a product than ‘Buy’ it. When my wife Janukin sought to sell home-made chocolates online, we borrowed a good DSLR from a friend and got our catalogue ready !! He definitely charged us for the DSLR 🙁 There was definitely an un-tapped market for ‘Renting out such gadgets’ and this is market that EazyLeazy, a startup based out of Mumbai plans to address !!
EazyLeazy is co-founded by Peshotan Kapadia & Meheryar Tata that aims to make renting as easy as ordering a pizza. Today we have a chat with Peshotan Kapadia about EazyLeazy, Startups, Life as an entrepreneur and much more. So lets’ get started ….
Can you give a small background about you, your start-up and it’s founders ?
We provide easy rental access to great products to our customers – whether they want to use something for a short time without buying it or try something before they buy it. With easy online booking, instant confirmation, delivery in 3 hours [when needed], Cash/Card On Delivery, Low rentals and free doorstep delivery/pickup, we want to make renting so easy you #DontThinkJustRent
Meheryar Tata: A Chartered Accountant by training and spent 3.5 years in Deloitte in assurance and another 3.5 years in Deloitte in the valuations team with an extensive experience in valuation of businesses in connection with mergers/acquisitions/divestitures, regulatory compliance and financial reporting across insurance, infrastructure, telecom, e-commerce, pharma, agri-business and manufacturing. Passionate about equity investing, reading, football and playing the guitar.
Peshotan Kapadia: Chartered Accountant by training, spent 3 years at EY in financial risk management and the remaining 3.5 years of his past career at the Boston Consulting Group. With this [over] half decade-long career, he acquired experience in M&A, sales organization and efficiency, digital strategy, customer relationship management, marketing and consumer research across financial services, insurance and telecom sectors. Loves to play the guitar, go on long drives, eat and read fantasy fiction.
When and how did your come up with the idea of EazyLeazy ?
When I was going on my honeymoon, I wanted to take a DSLR with me. However, I knew if I bought one it would sit gathering dust after I returned. Similarly, Meheryar was having multiple house warming parties for his new place and felt the need for games, speakers, etc. What we found was that there was no professional, reasonable priced, online based and convenient service we could use.
Can you explain the entire process of Renting, Buying, Selling on EazyLeazy
The process is extremely simple. Come online, see the details of the product and pricing available, check the date availability and checkout online. We deliver to your doorstep on the appointed day and you can make payment via cash or card after taking delivery. Similarly we come pickup the product when the rental period is over. We are available over Call, WhatsApp, Facebook, Twitter and Email for both transaction and technical support.
Is EazyLeazy inventory led [i.e. you source products from buyers interesting in renting it out] or marketplace based [i.e. Connect interested parties over EazyLeazy]
It is currently a mixed model and varies by product.
What are the categories that are currently present on EazyLeazy ?
We currently have 4 major product categories: (i) Travel which includes amateur DSLRs, GoPros and Kindles (ii) Party and Entertainment covering karaoke, projectors, speakers, hover-boards, games & more (iii) Hobby which includes music & baking and (iv) Try before you buy which includes smartwatches, fitness bands and phones. We are constantly expanding our categories so expect a lot more soon.
Is it possible for someone to buy a product that has been rented out to him/her ?
Currently, given that we are constantly in need of supply, we do not sell inventory to our customers. However, in the future, depending on the asset class and age we will have a process by which you can keep the inventory if you like it.
How does EazyLeazy stack up against competitors like RentSher, RentOnGo or even Furlenco [though it is only in Furniture] ?
EazyLeazy is not here to replace ownership. There will always be products which you should own based on your passions and frequency of use. However, you will always feel the need to experience other products for a short period of time – that’s what we are here for. We are also extremely convenience driven – we want to make renting as easy as ordering a pizza. We hope in the long run we are able to impact the quality of our customers experiences.
EazyLeazy is currently operational in how many areas of Mumbai ?
We are currently fully operational in the entire Mumbai Metropolitan Area, but we also serve Navi Mumbai and Thane on an exception basis.
How is the logistics and reverse logistics being managed by EazyLeazy ?
Given our focus on customer experience and service, we currently manage all the logistics in-house.
How do you ensure that there is no breach of trust by the customer [i.e. Same product is returned and it is not exchanged with some fake product] ?
We have multiple levels of checks to ensure this. Given that many businesses assume credit risk, we deal with the risk in a similar way.
What is the Total Market Size of the P2P renting in India ?
We are currently in the business of renting long tail assets [don’t include property, furniture, apparel and auto], the potential for which is largely unexplored or established. There is basically a very small un-organized market at this point. This is the total renting market. P2P renting is even more nascent than that. We will only know the true potential after a couple of players get funding and scale up significantly.
EazyLeazy currently caters to only consumer electronics/Hobby electronics, do you plan to venture into other areas like Furniture, Toys etc.
We are actively looking to expand into other long tail categories. However we are are conscious of not diluting or over complicating our business model. Categories need to be a good fit on the market proposition and operating model spectrums. We currently have no plans to do the larger asset classes [apparel, furniture, cars, etc.]
How is EazyLeazy funded [Self funded, Angel, VC etc.] ?
EazyLeazy is currently self-funded
What are the major changes that you experienced when you became an entrepreneur ?
Well may actually but let me try and list the major ones:
The level of drive, commitment and excitement towards what you’re doing
The ridiculously steep learning curve in all aspects of the business
Experiencing the “buck stops with you” level of stress; you are the last line of defense for a things
Not getting a paycheck every month but having to issue them 🙂
Going from being a “consultant” to a “business owner”
Being from a non-technical background [since both of you are CA’s], what do non-tech co-founders look into a tech co-founder ?
Well tech or non tech I think a co-founder needs to (i) be on the same wavelength in terms of vision, direction and ethics are concerned and (ii) be extremely reliable and trustworthy; The technical/functional skills for me are important but secondary to these two.
Some insights into marketing [Lessons learnt while marketing EazyLeazy] ?
Haha. Now there’s a tough question. My one simple lesson is more experimentation less discussion. Running small scale experiments will give you the answer.
What are some of the qualities that entrepreneurs should look into while hiring their initial set of employees ?
The initial days are very tough so I look for (i) faith in the idea (ii) tenacity (iii) willingness to do multiple things and (iv) a fun upbeat attitude
Can you give some pointers on Scaling Up & Customer Acquisition [some take-away for entrepreneurs]
For me, sustainability is a key factor when scaling up. Rapid scale up without definite validation of most important aspects of the business model is dangerous. While it does not mean you won’t scale up, it adds a level of uncertainty and risk which for me us not acceptable. A business process should be comfortably replicable for 100-1000 transactions and for 1-10 locations. Given that we run a rental business, the quality of customer acquisition is also a concern for us. Growth cannot come at the expense of default/breakage risk.
Bootstrapping or Funding, what are your views on the same ?
There’s no right answer given the large number of variables. My simple point of view is bootstrap until you need to grow 10-20x+ and have the confidence to scale up.
How important is it for startups to focus on Unit Economics [and not some other arbitrary factors] ?
Depends on the sector and revenue model of the startup. For us, unit economics are paramount given that we actually transact with our customers (and aren’t a social medium, content generator, etc.). I believe that building a transactional business at a price point which will change in the future brings a question mark to the lifetime value of the customer acquired. So if I acquire a customer at a rental of Rs. 500 a week, I am unsure of the impact on my base and the efficacy of my offering when I take the price up to Rs. 1000.
Your views on the current start-up eco-system & valuation correction currently happening across many startups ?
I personally think it’s still to early to tell. Startups are driving a fundamental change in consumer behaviour and the final impact of that may take some time to be realized. Overall, the increased focus on cash flows, unit economics, revenue models and profitability is very positive.
Your startup Mantra ?
Add true sustainable value for the customer at a profitable price point
We thank Pesho for his time & sharing his valuable lessons in building EazyLeazy with our readers !!! If you have any questions for EazyLeazy team, please leave them in the comments section or email at himanshu.sheth@gmail.com
Wisdomjobs, one of India’s leading end-to-end recruitment and career solutions portals, announced a unique solution, ‘Quick Source‘ to enable start-ups conduct a hassle free recruitment process. Wisdomjobs is India’s first job portal with an integrated online skill testing & rating system which has a database of over 30 million profiles and 3,500 clients across the country.
While the general practice is for companies to utilize the services of a placement agency or to purchase database access from any of the job portals, this often creates financial and manpower strains on them, especially if they are a start-up. Through Quick Source, Wisdomjobs aims to ease this process by delivering sourced and screened resumes to meet specific requirements of Start-ups. Going a step further, Wisdomjobs will also carry out a preliminary screening of the candidates and only those profiles that really measure up to the company’s requirements will be shared.
Quick Source will cater to companies’ hiring needs for normal, niche and super-niche profiles.
How does ‘Quick Source’work ?
Start-ups define their hiring requirements and receive sample profiles through Quick Source
After agreeing on the degree of match of the received profiles, Quick Source will then provide ‘resume packs’ with screened profiles based on the complexity of the skills and the experience required by the start-ups.
The Start-ups take as many resume packs as needed to fill their open positions.
Announcing this new program ‘Quick Source’, Ajay Kolla, Founder & CEO, Wisdomjobs said
We have always strived towards simplifying the hiring process. Quick Source does exactly that to support and enable the start-up ecosystem to grow. From our own experience, we understand the predicaments faced by start-ups such as the additional financial burden, time constraints and lack of qualified people to screen and shortlist candidates. Therefore, we want to provide an effective solution to make hiring easier for start-ups. This significantly eases the burden on them by providing them suitable candidates within a short time in an extremely cost efficient manner.
About Wisdom Jobs
Started in 2010 and headquartered in Hyderabad, Wisdomjobs is one of India’s leading job portals providing end-to-end recruitment solutions to organizations and career opportunities to individuals. Wisdomjobs is India’s first job portal with an integrated online skill testing & rating system – Pragnya Meter.
Within a short span of 5 years, Wisdomjobs has developed a database of over 30 million profiles spanning experience levels, skill sets and industries, thereby providing a huge pool of relevant candidates to various organizations. Wisdomjobs is an ISO 9001:2008 certified company with a clientele exceeding 3500 customers including some of the prominent names of the industry. For more details please visit Wisdomjobs.com
Exotel, one of India’s leading cloud telephony companies, have announced the appointment of Anandakumar as the Chief Finance & Strategy Officer and Rashmme Eshwar as Head, People Operation, further strengthening its leadership team.
Commenting on these appointments Shivakumar Ganesan, CEO & Co-founder, Exotel said
We are very excited to have Rashmme and Anand on board. They bring together close to 25 years of experience to the company and that would help us in achieving two of our biggest goals for the year – growth and expansion.
Anandakumar is a computer science engineer from BITS Pilani and MBA from IIMB with close to 10 years of experience in consulting and technology. He has been associated with Yahoo! and Alvarez & Marsal among others. He is a whiz at performance improvement techniques and restructuring projects. At Exotel, Anand will be the brain behind the expansion and growth strategies. This, of course, is in addition to heading the Finance team of Exotel. He is a finance buff and literally nothing escapes his keen eye.
I am excited to be part of the team that is building an innovative communications platform. We want to be known as one of the best home-grown engineering startup success stories in India. Businesses are successful only when value is created for all stakeholders. I hope to contribute to our journey by laying a solid foundation in terms of strategy, planning and execution that will ensure we reach our goals.
Rashmme Eshwar is an HR professional with 14 years of experience across multinational organizations including Citrix, Yahoo!, SAP and Convergys. She has held diverse leadership responsibilities in her long career, notably a six-year long stint as the International HR Manager at CITRIX. She holds an MBA from Birla Institute of Management. At Exotel, she will be looking after talent acquisition and employee management.
I am lucky to be working with some of the best engineering talent in the industry. We have a very young, energetic and vibrant workforce at Exotel. Building a positive work environment where ideas are freely exchanged is a priority, we value diversity and believe that ability is more important than experience. My goal is to ensure Exotel is an employer of choice.
About Exotel
Exotel is the most reliable and scalable cloud telephony platform in India. Founded by Shivakumar Ganesan, Ishwar Sridharan and Siddharth Ramesh in 2011, it powers voice communication for over a 1000 businesses including brands like Ola, Uber, Flipkart etc. Voice & Data picked Exotel as the Editor’s Choice Emerging Company of the Year 2014. Nasscom’s Emerge Product conclave picked Exotel as one of the top 10 emerging startups in India. For more information, please visit Exotel
Delhi-based VISIT, an on-demand healthcare service provider, has a raised a seed funding from MapmyIndia, a marquee Technology Company based out of New Delhi. The startup plans on channeling this investment to further develop the technology being used in the app.
With the new funding, we plan on investing heavily in improving our technology. We are also aiming at increasing the number of doctors on the app to 500 over the next 3 months. The vision is to bring m-Health to a billion Indians over the next 5 years. No matter where you are you should have access to quality healthcare at just a tap.
We have been in search of supporting a team whose mission was to make quality healthcare easily available to everyone and who had the capability to execute on this mission. In VISIT we found both and are extremely excited to support them achieve their mission.
The idea for the healthcare app was conceived when four graduates from BITS Pilani – Anurag Prasad, Vaibhav Singh, Chetan Anand and Shashvat Tripathi felt the need for such a service on the BITS Pilani campus, which is located in a remote area and accessing quality healthcare was inconvenient.
VISIT aims to avoid various frictions in the delivery of healthcare today like booking an OPD appointment, in-clinic waiting and inability to get in-house doctor visits. They do so by connecting patients with practitioners across multiple disciplines anytime, anywhere through smartphone or computer. It aims to put convenience back into the hands of patients and physicians with their salient feature ‘Q’, free text-a-doctor service.
This allows the patients to ask all health related questions to doctors with just a text message. VISIT also follows up with patients for any further information they require. If the patient requires a treatment, ‘Q’ helps connect the patient with a specialist who can send prescriptions and order lab tests.
‘Q’ is designed to be a health-based Q&A platform that works with a personal conversation between you and your physician. It’s an easy way to get a first opinion from a doctor, especially for mothers with children’s health questions.
Patients can also request a “visit” from their smartphone; therapists can connect over video within 30 minutes and are able to diagnose and treat with nothing more than a smartphone/PC and their expertise. VISIT also has specialists like therapists, general physicians, dermatologists and nutritionists.
Talking about the specialists associated with VISIT, Chetan Anand, Co-founder, VISIT said
We make sure that the empanelment of doctors is carried out through a strict verification process thereby providing a reliable service to our customers. On an average only 1 out of 5 doctors make it through our stringent quality checks.
About VISIT
VISIT was founded by four BITS Pilani students Anurag Prasad, Vaibhav Singh, Chetan Anand and Shashvat Tripathi to reinvent the traditional practitioner-client relationship, by founding an on-demand tele-medicine app called VISIT. It aims to put convenience back into the hands of patients and therapists with an On-demand Health Care platform. VISIT therapist and physician mobile applications enable the modern house call: patients can push a button and request a “visit” from their smartphone; therapists connect over Video within 30 minutes and are able to diagnose and treat with nothing more than a smartphone/PC and their expertise. For more information please visit GetVisitApp
Few weeks back, we had come up with an article on How zeroing on a good-home loan is a daunting task. Once you have shortlisted the Apartment, Loan Service provider; the next big task would be find an “Ideal interior decorator” 🙂 When we shifted to our new flat in Whitefield, we had recommended our interior decorator to couple of friends since he was reliable, easily accessible and most of all his work was more louder than his words !!! In fact, we always try to find people (who matter in our day to day needs) in the vicinity since ‘accessibility’ plays a very important role.
With the rise of the ‘marketplace model’, lot of startups have evolved that want to simplify your search for the right architects, interior decorators etc. Just like the marketplace model for e-commerce companies, these sites act as a bridge to make sure that your requirements are met. One of the latest entrants in this category is Berlin based Homify that was recommended by one of my colleague’s who was able to find good interior decorator for this house from Homify.
Homify is a Berlin headquartered bootstrapped company [founded in 2013] that is present in 15 countries namely Germany, Italy, UK, France, Spain, Portugal and it is recently launched in Brasil, India, Mexico, Korea, Japan, Netherlands, Hong Kong, Singapore and Turkey. It is a collaborative platform that has been created by professionals from various fields like architecture, engineering, interior decoration etc and aims to simplify the search for interior design & engineering related needs. Homify (portmanteau of the words Home & Modify ) true to it’s name wants to simplify the ‘herculean task’ of interior decoration easier with the help of professionals signed up on their platform.
From idea to final product, they connect creative professionals in the field of interior decoration with apartment owners so that they can hire the right people for cultivating their ‘Dream Home’ into ‘Reality’ 🙂 Being a Collaborative Platform, artists present on their platform can also learn from each other, thus Homify also acts as a Catalyst in their careers 🙂
Homify : For Users & Professionals
Homify is a free platform for creative professionals who can register free of charge and present their work by uploading their portfolio on Homify. Similar to ‘Seller’s on e-commerce sites who are new to the online-medium but still want to taste the waters, ‘Experienced Architects’ who are new to online medium can expand their customer base via Homify which would have otherwise been difficult in the offline-format !!
Every personal user who is present on Homify can review the work of professionals (based on their uploaded work) who are present on the platform before they are even hired. This transparent review format ensures that professionals on Homify are able to serve their existing customers in the best-possible way since that increases their chances of attracting potential customers.
Users can collect the work of different professionals in the form of an ‘Ideabooks’ and can ask direct questions to professionals about their work. The overall concept of an ‘Ideabook’ is intriguing since smaller (but lesser known) architects can showcase their impressive work on Homify and set-up their website for free !!! It would have even better if it could have been presented in a 3D styled format (just like a ‘Portfolio Book’ which we are addicted to see when we visit any new architect).
Homify : What we liked & Improvement Areas
As mentioned in the beginning of the review, when we had to search for an architect for my flat; we looked for someone in the vicinity.
One stop-shop for your architecture related needs : Homify solves this pain-point in a very effective manner since it brings ‘architects, interior decorators, home buyers etc. and customers under one umbrella. However, it would have been much better if the ‘Exact location and Approximate distance‘ (between the concerned parties) could have been listed in the form of Map i.e. adding a Hyper-local angle to fix apartment owner’s architecture woes.
The Commercial market segment : With the rise of B2B startups (in Real Estate sector), it becomes critical to serve that market segment. Along with retail customers (normal home buyers), Homify serves the ‘Commercial Customer’ segment; a segment that can no longer be ignored !!!
Pleasant UX : Being a blogger & avid-reader, I am very comfortable with websites that follow magazine-styled formats 🙂 Homify also has a blog style format of it’s home-page which makes navigating & fetching required
Discussions : As getting the right architect/interior decorator is a common problem, it becomes critical that users on the platform get engaged in a discussion. The ‘Discussions’ section ensures that customers get right tips/feedback from other users/professionals present on Homify and the best part of the discussion is that the comments are not moderated & you are even free to share your email-id with the initiator of the discussion !!!
So, what are you waiting for ? If you have found your dream home than leave the rest to Homify which can connect you with Design experts who can turn your ‘Dream Home’ into ‘Real Home’ 🙂
If you have given Homify a spin, please leave your feedback/experience in the comments section…
In an effort to nurture micro-entrepreneurship, Ola, India’s most popular app for transportation, is organizing one of the largest event of its kind under the banner of Grand Driver Mela in Bengaluru, with leading car manufacturers and financiers. The week-long Mela, starting from May 18th, will provide drivers the opportunity to join Ola, by buying cabs at a discounted price and avail attractive finance schemes – all under one roof.
To help aspirants take the first step towards entrepreneurship, Ola is creating a one-stop solution, by bringing leading auto manufacturers, lenders as well as car service and car accessories providers together. Additionally, Ola will also provide a single window support system to help drivers with formalities around permits, license conversion and conversion of private [white board] vehicles to commercial [yellow board] vehicles.
Leased cars are available at an attractive down payment, as low as Rs. 15,000. Early bird incentives like a joining bonus worth Rs. 3,000 and business opportunity worth over Rs. 100,000 per month, makes this Driver Mela a great platform for aspiring driver-entrepreneurs.
Driving is growing as a lucrative career choice of hundreds of thousands across the country. We take immense pride in making mobility possible by bringing together driver partners and customers using technology. Through a Driver Mela of such scale, we are enabling aspiring driver entrepreneurs to choose from a wide range of options across purchase, lending, financing and other support systems, all under one-roof.
Through the Ola platform, we provide continued access to revenue opportunities, as well as freedom and flexibility of being one’s own boss. Our driver-partners are key enablers in our mission of building mobility for billion billion Indians and we are confident of helping them achieve new heights as entrepreneurs.
Driver partners on the Ola platform have grown as entrepreneurs, benefiting from access to increased scale and revenue. They have seen their revenue increase by 40% after joining the Ola platform. ‘Ola Pragati’, a tailor-made program enables its drivers to take loans at lower rates and pay a part their EMI’s on a daily basis thus providing an option of earning a livelihood.
About Ola
Founded in January 2011 by IIT Bombay alumni Bhavish Aggarwal and Ankit Bhati, Ola is India’s most popular mobile app for personal transportation. Ola integrates city transportation for customers and driver partners onto a mobile technology platform ensuring convenient, transparent and quick service fulfillment. Ola is committed to its mission of building mobility for a billion people. Ola has also introduced a range of shared mobility services on its platform like Ola Shuttle and Ola Share for commute and ride-sharing respectively. The app is available on Windows, Android and iOS platforms. Please visit Ola for more information.
Wisdomjobs![[Image Credit* - Wisdomjobs]](https://blog.himanshusheth.net/wp-content/uploads/2016/05/wisdomjobs.jpg)
