on-demand industry Archives - Cabstartup

Tag: on-demand industry

GoGoVan Secrets of Success in an On-Demand Logistics Startup

Steven Lam had an entrepreneurship spirit. He belonged to the low-income family. In this article, we will elaborate to you how he made the on-demand logistics startup GoGoVan successful. From teaching himself to fix bikes, serving hot dogs, and selling electronics, Lam got creative in his teenage, and the creativity of running an on-demand logistics startup changed his status of the low-income family to a high-income family.

The venture GoGoVan that got success and shot him to fame and became Hong Kong’s first unicorn, a startup valued at $1 billion or more came without any planning. Lam and his two friends thought the idea who took part in making it successful. They were working on another business which was a startup of selling advertising on takeaway boxes.

Lam told about the journey of becoming the successful businessman. One morning when they had to deliver 100,000 boxes, it was challenging for them to manage all those deliveries. Therefore, they decided to find a suitable solution to make their business successful.

They have found the ad opportunity while working together in a Chinese restaurant in California to support their MBA studies at Berkeley. Lam had reignited their academic career after moving to a stateside community college. However, bringing it back to their native Hong Kong, they found a significant problem in providing the boxes all over the vast city.

It was the year 2013, and ride-hailing platforms were gaining momentum internationally. However, the delivery industry in Hong Kong remained traditional in which Lam had to depend on call centers that were using radio frequency systems to hire drivers for jobs.

For Lam, Nick Tang and Reeve Kwan, this system was too inefficient because they had to complete the majority of their delivery orders by 10 a.m. Therefore, they thought to find a better way.

Here are the secrets to the success of GoGoVan:

Utilization of the WhatsApp Group:

When finding a solution, the three friends quickly realized they could work more effectively if they bring and manage all of their trusted drivers into a single platform.

At the time, they had no intention of altering the entire industry like Uber was doing in the U.S. they merely wanted to bring efficiency at their ad startup. Therefore, they started with the WhatsApp group to manage their business. They created a series of Whatsapp chat groups to post jobs for the city’s best delivery drivers.

Lam told that I didn’t know about the Uber at that time and we started to formulate our product on our own.

The idea worked, and drivers responded to jobs posting but because Whatsapp groups were then limited to 10 participants and drivers need to pitch for work on multiple chats. It became harder for them to give priority according to the arrival of request keeping the mind the first come first served policy.

It was effective and solved some of the delivery problems, but they did brainstorming to improve it to increase our business, which was not possible on Whatsapp at that time. Lam told that they were dissatisfied with the radio frequency system. It was the point which raised to on-demand logistics startups platform.

Getting on the Road to Success:

Lam and his two co-founders took into account all the business processes and hired the people to turn their idea into a reality. So they pooled together what they could that were 20,000 Hong Kong dollars and took office. They took their first two employees there to start working on the on-demand platform. The two employees were a technical engineer and a designer.

With a larger platform, they could increase the speed much more than the radio frequency system. The team quickly showed interest from drivers and other businesses. However, to proceed further, they needed cash, fast.

He told that by September they were running short of money. After nine months of starting the business, the company successfully became capable of securing the only single available funding schemes in the city at that time. Lam told that they were running out of money at that time and this funding scheme saved their lives from the edge.

They needed to work hard in the start, but GoGoVan soon gained enough cash through several investment rounds. They increase their office size and expand the business internationally.

In early 2016, GoGoVan got funding from Jack Ma’s Alibaba. After that, in mid-2017, it reached unicorn status after completing a merger with Chinese logistics company 58 Suyun. As a result, the startup today boasts a network of 8 million drivers over 300 cities and six countries.

Despite the increasing success, Lam keeps on working hard to get further success. He told that he frequently used to go into the office to clean it on the weekend. It is the mentality of not waiting for someone else to fix the problem, but just doing it yourself.

Advice from the Successful CEO of GoGoVan:

As CEO of GoGoVan, that is an attitude that he tries to instill in his 2,000 employees to enable them, successful entrepreneurs. He suggested to those who want to start a business to give a start instead of waiting. He said that you’d never get anywhere if you don’t start.

He learned in these past five years that there is no perfect timing. When you don’t know about the ideal time, then why you wait for the ideal time. Lam told that these things are essential to include in starting a company. So take a start, you will never get anywhere if you don’t start. If you intend to launch an on-demand business, you need the services of on-demand service provider company.

We offer an on-demand platform to make your logistics business, Uber-like transport business, or any other on-demand business successful, productive, and efficient. If you want to get a reliable solution, contact us today.

Uber Business Model

By cabadmin 0 Comments

Top On-Demand Transportation Tech Companies Other Than Uber And Lyft

Uber, Lyft, Waze, and DiDi are only a few names among the top on demand Transport Technology Companies globally. From London, Paris, New York, China, Israel, and Estonia, these companies are transforming the way we commute around. To commute for work, traveling across countries and long distances, driving around, or just going from a point anywhere in the city, using a trusted means of transportation brand for reaching the destination is essential.

The companies, whom users can trust and their data is secured, can become successful in the industry. However, there are other big names apart from Uber and Lyft that has taken the on-demand transportation industry by storm.

Here are top 7 on-demand transportation technology companies other than Uber and Lyft:

1. VIA:

Via is headquartered in New York City. It is working on to build the top on demand Transport Technology Company across the globe. The company is also making associations extensively with public transit agencies, such as Texas, Keolis in France, Capital Metro in Austin, and Arriva in the UK. Using VIA for a ride booking on your phone costs little more than taking a ride from the bus. Via is on-demand transit company on a large scale. It is a user-friendly transportation service that is highly appreciated by the customers.

The app is currently accessible in New York City, Chicago, and Washington DC, and the company is expanding further nationally. This company aims to capture the market of Austin, Boston, Los Angeles, Philadelphia, and San Francisco and more. The cities VIA is focusing include Berlin, London, Rome, Sau Paolo, and Toronto.

2. City Mapper:

City Mapper has been progressing from being an app that authorizes data to provide commuting services and moving in the cities easier to developing transportation services. The company has recently launched “a multi-passenger vehicle” and private bus services in London to cover various public transport routes.

As cities are complicated, businesses use the power of mobile app to gather data to help people by providing outclass transport services for them. The Citymapper platform allows booking services like Uber and Mobike. The functions of City Mapper are available in almost 40 cities around the world. Citymapper is headquartered in London, UK.

3. BLABLACAR:

BlaBlaCar is a community marketplace that connects drivers with passengers who are looking for a long-distance ride. According to the company report: Over 12 million people use BlaBlaCar, and the company provides outclass service to facilitate people in the best way possible.

With dedicated customer service, a state-of-the-art web and mobile platform, and a fast-growing group of users, BlaBlaCar is making the travel experience more social, cost-effective and efficient for millions of members. The platform is working in 22 countries and facilitating almost 45 million members around the world. BlaBlaCar is headquartered in Paris, France.

Uber Business Model

4. TAXIFY:

Taxify is one of the best on-demand Transport Technology Companies, with more than 3 million users in 20 countries. Taxify app allows users to book convenient and reliable rides with a few taps. Both taxi and private driver companies get them registered with Taxify to get more customers and benefit from the top on demand Transport Technology Companies globally.

Taxify is revolutionizing the way how millions of people move by making on-demand transport affordable in numerous cities around the world. Taxify has more than 25,000 drivers, working in over 20 countries. The company is providing services in large cities like London, Paris, and Mexico City, and its services are also available in smaller cities like Budapest, Malta, Belgrade, Riyadh and Baghdad. Taxify is headquartered in Tallinn, Estonia.

5. DRIVY:

Drivy is a marketplace for car rental that lets you hire a car from among the thousands parked vehicles in the vicinity, providing a cheaper, and quicker car rental service. The company aims to provide an on-demand car service that is much more efficient and reliable.

According to statistics published in the car magazine, the platform possesses more than 40,000 cars in France, Germany, Spain, Belgium, and Austria and a have almost a million members. Drivy is headquartered in Paris, France.

Book An Appointment CTA

6. OFO AND MOBIKE:

According to the Bloomberg report, China’s bike-sharing startups Ofo and Mobike are fastly expanding into overseas markets. We are hearing rumors continuously for a few months regarding the two companies merging to make one dominant player in the fast-growing business, value more than $4 billion.

Both Ofo and Mobike allow users to provide bike-sharing services using just a smartphone and electronic wallet to take rides to their destination.

Mobike is the top on demand Transport Technology Companies globally and a clear leader in the bike-sharing industry, assisting 30 million rides in 180 cities around the world per day. The company has planned to achieve the target of 20 million bikes in 20 countries by the end of the current year. Both companies have recently started in the US and Europe. Ofo and Mobike are headquartered in Beijing, China.

7. SCOOT:

Scoot Networks operates a fleet of scooters that are shared, smartphone-enabled, and of electric, Vespa-style, which are currently available in San Francisco. According to the company report, the iconic red electric scooters are expanding beyond San Francisco and finding partners to grow their business of transportation to new cities further.

Scoot is the perfect amalgamation of speed, affordability, convenience, safety, and sustainability for the billions of trips that take place every day in cities around the world.

According to the company report, the electric scooter rental service has been used by almost 50,000 users since it launched in 2012. Keating has recently declared a partnership with Chinese automotive startup CHJ to bring the small electric car with swappable batteries to San Francisco. Scoot is headquartered in San Francisco, CA.

Do you want similar technology solution for your transportation business?

We at Cab Startup provide on-demand solutions for transport companies all over the world. We have a system that is specifically designed for transportation and taxi companies. It is customizable, and updated features are periodically being added to our dispatch solution your needs. If you are running a transport business and want to get a system to manage your on-demand transport services, you can get a free demo of our white label cab booking solution.

By cabadmin 0 Comments

Road to Future of On Demand Services Industry

Ever since Uber took the market by storm, the on-demand services industry has experienced an incredible rise, becoming one of the most popular industries for most new entrepreneurs. However, just thinking up services and attaching an app to them isn’t enough to guarantee success; to achieve that, business owners need to understand the nuances of the industry they are operating within and how they can mold the business around the on-demand model in a way that works efficiently.

In our day and age, we are at a place where convenience is at the top of our priority list, and since we have experienced a steady stream of high-quality services lately, it has become tougher for new companies to meet our expectations, but if they do, then they will reap the rewards.

Success stories

Now, let’s talk about some of the biggest success stories in this industry:

Uber:

It goes without saying that Uber is most likely the biggest success story in this industry seeing as how it was after Uber came into the limelight that people began paying more attention to the on-demand industry. Furthermore, another testament to Uber’s success is that it has surpassed the $51 billion line with over 40 million riders per month.

Postmates:

For those who don’t know, Postmates is an on-demand food delivery app. The startup provides its services in most parts of the US in over 200 cities. Its major target audience is millennials since they are far too busy to take time out to go to a restaurant for food. Postmates gives them the ability to save time and effort by delivering food to their doorsteps. Moreover, Postmates has already amassed over, $280 million in delivery sales and has partnered with over 7000 restaurants.

Uber Business Model

Airbnb:

If your dream is to travel the world and you are wondering how to find rooms for rent, the Airbnb is the answer to your question. On the other hand, if you have a place you are looking to rent out, then Airbnb is your answer once more. So, basically, Airbnb is the travel app that solves the problems for hosts and guests offering high-quality services for both categories. As of 2017, the company’s annual revenue is $2.6 billion and it has over 5 million lodging listings in 81,000 cities over 191 countries and has facilitated over 300 million check-ins.

Target Industries:

Now that we have talked about who the current leaders in the on-demand economy are and how the on-demand model launched them to the epitome of success; let’s discuss why business owners should consider the on-demand model and which industries they can target.

Transportation Industry:

What has made the transportation industry so successful? Well, it was one of the first industries to be disrupted in the on-demand economy.; this comes as no surprise, but Uber is not the only option out there. There are other options too such as Rydr, Insta Drive, Lyft, etc. More and more cab and taxi business are now switching to the on-demand model, even the companies that existed way before smartphone apps were around have now built their own apps to compete in this highly profitable industry. Customers have become accustomed to the convenience and demand for such services is only increasing day by day.

The Rise of Self-Driving Cars:

What is a self driving car? As the name suggests it is a car that drives itself, and it offers its passengers a level of comfort and convenience like no other. The idea of comfort during transport and the increasing reliance on technology has become a cornerstone for the self-driving car movement. That’s why Alphabet Inc.’s Waymo has become one of the latest hot topics in the industry. Waymo is in a vast lead seeing as how in January they reached a deal to buy thousands of Chrysler Pacifica minivans which will be decked out with sensors that can see hundreds of yards in any direction. No other company is planning on offering rides-for-hire let alone preparing to carry passengers in more than one city this year; this can potentially revolutionize the transport industry and launch it into the new age of automation. It also opens up options for new businesses to invest in self-driving cars for taxi services.

Home Services Industry:

Introducing the on-demand concept into the Home services industry opens plenty of doors for those looking for an opportunity in this sector. Entrepreneurs can start an on-demand business for plumbers or electricians or carpenters or maybe make a more substantial handyman business and incorporate the previous three mentioned businesses into one. Turning such age-old and vital services into an on-demand model will not only prove to be beneficial for the business owners but also prove to be helpful for customers because the current smartphone-centric nature of the world will allow the business to reach a wider audience and customers will have easy access to these services.

Food Delivery Industry:

The food delivery service is one of the most dominant industries in the on-demand economy. According to Techcrunch, online food delivery still represents about $210 billion market opportunity. Furthermore, today’s modern lifestyle doesn’t leave enough time for people to make home cooked meals meaning they need an alternative; this is where the food delivery services come in, and most people are glad that they have.

How to Enter the On-demand Industry:

If business owners do not have the expertise required to build their own app or if they don’t have the resources to do so or if they don’t want to make it themselves, then a white label solution is the answer to their predicament. For every on-demand industry, there is a host of white label companies ready to provide their solutions to any business looking to enter the particular industry. Companies like CabStartup for the transport industry and Odtap for just about everything else are some of the high ranking names in the list of white label companies, and they sell their state-of-the-art solutions at affordable prices to companies of all levels.

Conclusion:

The on demand economy is in high gear and on its way to becoming a role model for all future businesses to come. It is dominating most high profile industries such as transport, food, etc. and it has given rise to the advent of an entirely new sector, the white label industry; all this proves that the on-demand industry is the way to go for future (and current) business owners.

By cabadmin 0 Comments
Send a Message
Get Demo