According to analysts, ride-sharing as a percentage of overall rides has dropped by a sharp 50 percent this year because of the unviable unit economics today.
GetToWork, a subscription-based, B2C ride-sharing app for daily office commuters launched in Bengaluru a few months ago, has already garnered 500 daily users. Launched by office commute platform MoveInSync, GetToWork competes with Ola Share, UberPool, car and bike pooling platform Quick Ride and rPool, a carpooling service by online bus ticketing platform RedBus. “We launched GetToWork to solve the problem of office commute through shared mobility. We have 150 cabs (sedans) which are used by 500 office commuters every day, who pay ₹10/km by booking monthly or fortnightly packages on the app,” said Akash Maheshwari, Co-Founder, and Chief Technology Officer, MoveInSync.
Maheshwari added, “We are targeting 5,000 daily users in the next six months.” GetToWork offers guaranteed, cancellation-free rides that have to be scheduled 8-12 hours in advance and fixed pricing which is 40 percent lower than Ola Share and UberPool.
Instead of working with cab aggregators to generate supply, the company works directly with individual drivers, who are paid once a week.
Carpooling service rPool, which launched in Bengaluru, Hyderabad, and Pune in mid-June, has been receiving a better response in Bengaluru, Prasad Sangam, CEO of RedBus, told BusinessLine. He declined to share the number of daily riders on the app.
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