Rideshare 3.0
Outlook Business|September 27, 2019
Roads in our metros aren’t getting less congested anytime soon, but this start-up is making our office commute a little less strenuous.
Hari Menon
Rideshare 3.0

Let’s face it, par-ents are always right. Especially when they tell you to study well and make enough money “so that you can buy the sea-facing flat on Marine Drive.” Forget bragging rights, you could waltz down the Queen’s Necklace promenade and get to work every day. No traffic jams, no three-minute traffic signals, and no hefty fuel bills. Even if the office is in the suburbs, you’d cut through the city like a hot knife through butter, snickering at those struggling to crawl in the opposite lane.

While it’s fun to dream up alternative scenarios and humour yourself, Mumbai’s traffic is no joke. Reported as one of the most congested cities in the world, India’s financial capital has still not learnt how to deal with the ever-increasing population. And it’s not just Mumbai, commuting in every metro city is taxing, soul-wrenching and timeconsuming to say the least. As of last year, the average one-way travel time to get to work, across six major cities, stands at a little above 51 minutes (See: Keeping pace). If you’re from a city, this daily commute saps as much as 24% of your waking hours. But one company is trying to ease this mess by offering a solution that does not require you to struggle in local trains or buses or lose all your energy driving, even before you get to work.

COLD START

This story is from the September 27, 2019 edition of Outlook Business.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the September 27, 2019 edition of Outlook Business.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM OUTLOOK BUSINESSView All
THE JOY OF ADJUSTING A LITTLE
Outlook Business

THE JOY OF ADJUSTING A LITTLE

Partha DeSarkar, executive director and CEO of Hinduja Global Solutions, not only advocates making small adjustments but also taking oneself less seriously to remain happy

time-read
2 mins  |
April 2024
MONEY PLANT
Outlook Business

MONEY PLANT

Firms are popping up to help people and companies plant saplings. Reasons for this green consciousness range from earning carbon credits to a desire to fight deforestation

time-read
5 mins  |
April 2024
AI'S NEW PORN POSITION
Outlook Business

AI'S NEW PORN POSITION

Deepfakes and artificial intelligence-generated images have breathed new life into the porn industry. Celebrities have become the latest victims and revenge porn is on the rise

time-read
8 mins  |
April 2024
HOUSE OF CARDS
Outlook Business

HOUSE OF CARDS

At 8.4%, India’s GDP surpassed the expectations of analysts of almost all dispositions. But are GDP numbers hiding a bleaker story? It is not just the missing private money, there are more devils in the story

time-read
7 mins  |
April 2024
'Markets Can See More Price Correction in the Coming Quarters'
Outlook Business

'Markets Can See More Price Correction in the Coming Quarters'

Sunil Koul, executive director Asia Pacific portfolio strategy, global macro research) at Goldman Sachs, in an exclusive interview with Ayaan Kartik and Neeraj Thakur, talks about the valuation situation in India and how foreign investors are looking at increasing their bets in the equity markets

time-read
4 mins  |
April 2024
MARKETS, RETAIL INVESTORS TANGO TO NEW HIGHS
Outlook Business

MARKETS, RETAIL INVESTORS TANGO TO NEW HIGHS

As more investors enter the markets, the palette of investing style becomes more colourful. Each investor brings in their own biases, impulsive actions and assumptions to the markets.

time-read
4 mins  |
April 2024
GREED OVER FUNDAMENTALS: THE INVESTOR'S FOLLY
Outlook Business

GREED OVER FUNDAMENTALS: THE INVESTOR'S FOLLY

In her address at the fifth SEBI-NISM research conference on March 12, 2024, Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch expressed her concerns about the valuation froth in the mid- and small-cap space.

time-read
4 mins  |
April 2024
WINNING THE GAME OF BULLS AND BEARS
Outlook Business

WINNING THE GAME OF BULLS AND BEARS

While retail investors rushed to make hay as smalland mid-cap stocks shone at the bourses, institutional investors stayed away, guided by traditional wisdom that warned them against the exuberance in the stock market. The mid-March crash, dominated by the smaller segments, proved their point

time-read
3 mins  |
April 2024
DELIRIUM IN THE MARKETS
Outlook Business

DELIRIUM IN THE MARKETS

Market regulator SEBI says there is froth” in the mid-and small-cap stocks; banker Uday Kotak says there is no bubble. Caught in this cross-current are traders in small towns who are betting heavily in risky derivatives. What is next for the turbocharged Indian markets and what of the retail investors rallying behind it?

time-read
10+ mins  |
April 2024
Dynamic Women Achievers
Outlook Business

Dynamic Women Achievers

Discover the vibrant narratives of dynamic women achievers breaking barriers and reshaping the landscape across diverse fields. From trailblazing entrepreneurs to influential thought leaders, this article celebrates the resilience, innovation, and impactful contributions of women who defy norms, inspiring a new era of empowerment and progress.

time-read
6 mins  |
March 2024