Tag: transportation startup

Best Transport Business Ideas in India: Profitable Truck, Bus & Shipping Businesses to Start

Transportation is one of the oldest businesses in the world, and it can never go extinct because as long as the world continues, people will always need to move around from place to place. The transport business is also one business in which you can make cool cash. If you are looking to start a transportation business, you have come to the right place. The transportation industry is vast and offers a wide range of opportunities for entrepreneurs who are willing to put in the work to build a successful business.

Large transportation companies enjoy economies of scale when it comes to purchasing power and the ability to provide a broader range of services. However, small transportation businesses can compete better in local and regional areas by offering personalized services that larger companies may not be able to provide. The industry is largely fragmented, with 40% of revenue generated by the 50 largest firms. This means that there is a significant opportunity for small and mid-sized transportation businesses to carve out a niche in the market and compete effectively against larger players.

In this blog, we will explore some of the most profitable transportation business ideas, including car hire, trucking, bus transport, shipping service, air cargo, and more. We will also provide tips on how to start a transportation business so you can be on your way to building a successful venture in this exciting industry. So, whether you’re a seasoned entrepreneur or just starting out, let’s dive in and explore some of the best, most profitable transportation business ideas that can help you achieve financial success.

How to Start a Transportation Business?

Starting a transportation business requires careful planning and research to ensure that you have a solid foundation for success. Here are some general steps to follow when starting a transportation business:

Develop a Business Plan: Start by creating a business plan that outlines your transportation business idea, target market, competition, financial projections, and marketing strategy. This will help you organize your thoughts and ensure that you have a clear understanding of your business goals.
Choose a Legal Structure: Determine the legal structure of your business, such as a sole proprietorship, partnership, LLC, or corporation. Each has its own benefits and drawbacks, so it’s important to research and choose the structure that best suits your needs.
Register Your Business: Register your business with the appropriate government agencies, obtain any necessary licenses and permits, and comply with all applicable regulations and laws.
Acquire Vehicles: Depending on the type of transportation business you want to start, you may need to acquire vehicles. This could involve purchasing or leasing vehicles or even partnering with other transportation providers to create a fleet.
Hire Staff: Determine the number and type of employees you need to operate your business, such as drivers, dispatchers, and administrative staff. Develop a recruitment strategy and create job descriptions to attract the right candidates.
Set Prices: Determine the pricing structure for your transportation services based on your costs, competition, and market demand. Be sure to factor in all costs associated with operating your business, such as fuel, maintenance, insurance, and wages.
Develop a Marketing Plan: Create a marketing plan to promote your transportation services to potential customers. This may involve traditional advertising methods, such as print or radio ads, as well as online marketing strategies, such as social media and search engine optimization.

Starting a transportation business can be a challenging endeavor, but with the right planning and execution, it can be a profitable and rewarding venture. It’s important to conduct thorough research, seek advice from industry experts, and be prepared to adapt to changes in the market.

Most Profitable Transport Business Ideas

The following are some of the most profitable transport business ideas in India that can prove to be successful and lucrative:

S. No.	Business Idea	Business Type	Target Customers	Investment Level
1	Towing Service	Roadside Assistance	Stranded drivers, Insurance companies	Medium
2	Taxi Cab Business	Passenger Transport	Daily commuters, Tourists	Medium to High
3	Trucking	Logistics/Freight	Businesses, Manufacturers	High
4	Car Hire	Rental Services	Travelers, Event organizers	Medium
5	Bus Transport Services	Public Transport	Office staff, School children, Tourists	High
6	Shipping Services	Logistics	E-commerce, Retailers, Individuals	High
7	Driving School Service	Education/Training	New drivers, Teens	Low to Medium
8	Limousine Services	Luxury Transport	VIPs, Wedding/Event clients	Medium to High
9	Boat Charters	Leisure/Transport	Tourists, Event groups	High
10	Air Cargo Business	Logistics/Aviation	Businesses needing fast delivery	Very High
11	Livestock Transportation	Agricultural Transport	Farmers, Meat suppliers	Medium
12	Healthcare Transportation	Medical Transport	Elderly, Patients, Hospitals	Medium
13	Moving Company	Relocation Services	Households, Offices	Medium
14	Delivery Service	Last-Mile Logistics	Online shoppers, Local businesses	Low to Medium
15	Airport Shuttle Business	Passenger Transport	Tourists, Business travelers	Medium
16	Bicycle Rental	Green Mobility/Tourism	Tourists, Students, Fitness lovers	Low

1. Towing Service

Transport Business Ideas - Towing Service — Best Transport Business Ideas – Towing Business

One of the most profitable transportation business ideas is a towing business, as you can start with just one towing truck. Your job will be to help move broken-down or illegally parked vehicles to a designated place.

To open a transportation company, you need to obtain a license or operate an automotive towing business, which can be a frustrating task since auto-towing licenses are heavily regulated.

Some operators of towing companies forego the license entirely and don’t provide towing services to the general public; instead, they only subcontract their services exclusively to car dealers and property managers. The alternative to waiting to be awarded a towing license is to purchase one from an existing towing operator or company.

Car Towing Service Market Size (2021-2030)

2. Taxi Cab Business

Transport Business Ideas - Taxi Cab Business — Best Transport Business Ideas – Taxi Cab Business

The cab business is preferred by those who want to have a chauffeur drive them. While taxi cabs are known to pick up customers from the road, private hire taxi cars serve customers who make a prior booking. One of the most profitable driving business ideas is that of a driver who can use their vehicle, so startup costs are relatively low.

Depending on the brand and condition of the car (new or second-hand), a suitable vehicle for a taxi or cab business can cost between INR 10,000 and INR 45,000. The cab business is the most successful transport business idea because taxi cabs are often regulated in most cities; they must be registered with the relevant city council authorities. This is why Uber and Ola have become successful unicorn companies.

3. Trucking

Transport Business Ideas - Truck Business — Transport Business Ideas – Truck Business

The truck transport business is another profitable business idea in India, as large chunks of imported goods need to be transported to several towns and cities until they reach the small retailers and final consumers. Trucking and haulage are the vital links that connect imported, manufactured, and cultivated goods to final consumers like us. Lorry businesses, like hiring heavy-duty trucks and tankers, may be at a standstill. Truck transport business ideas play a crucial role in facilitating the smooth flow of goods and ensuring commerce continuity, and can help you earn a good profit. Trucking can be one of the most profitable truck business ideas.

4. Car Rental

Transport Business Ideas - Car Rental — Transport Business Ideas – Car Rental

The car rental transport business is a lucrative career option that is similar to cab business ideas. It can be especially profitable when located in strategic locations such as busy cities with large populations, commercial centers, and entertainment districts. However, unlike the cab business, car rental companies have stricter safety standards that they must adhere to before they can provide vehicles for hire.

If you are considering starting a car rental business, your first step should be to purchase vehicles that meet these safety standards and also have features that can help reduce their impact on the environment. This is especially important since many modern consumers prioritize sustainability and eco-friendliness when making purchasing decisions.

Car rental services are also popular amongst tourists and people visiting a new location for a short period of time. By offering quality vehicles at competitive prices, you can attract a broad range of customers and establish a loyal customer base, making it an ideal venture for a transport business startup.

To succeed in the car rental business, it is essential to have excellent customer service, maintain your vehicles regularly, and stay up to date with changing market trends. By staying ahead of the curve and offering innovative services, you can build a profitable and sustainable transport business that meets the needs of your customers.

Best Transport Business in India – ZoomCar Business Model

5. Bus Transport Services

Transport Business Ideas - Bus Transport Services — ITransport Business Ideas – Bus Transport Services

For many travelers, air travel is not always a feasible option due to cost or other factors. As a result, ground travel via buses or trains remains a popular alternative. If you are interested in starting a bus transportation business, it can be a lucrative opportunity to explore.

To start a bus transportation business and explore the bus business ideas, you will need to purchase a vehicle that can accommodate your target market’s needs. Once you have your vehicle, you can hire a driver or learn to drive it yourself if you have the required license and expertise.

Another option is to affiliate with an established transportation company, which can provide you with access to a larger customer base and an existing network of support services. This can be especially useful for those who are just starting out and may not have the resources to invest in their own infrastructure.

Regardless of the approach you choose, customer service is crucial to success in the transportation business.

6. Shipping Services

Transport Business Ideas - Shipping Services — Transport Business Ideas – Shipping Services

With the increasing demand for shipping services that offer reasonable prices and promise convenience, speed, and reliability, no other time could be better than now for taking a plunge into the shipping business. The shipping industry is growing and rapidly changing, thanks to the increasing dependence on online shopping. The shipping business ideas are highly capital-intensive and competitive. However, it is one of the most profitable businesses in the transportation sector.

7. Driving School Service

Transport Business Ideas - Driving School Service — Transport Business Ideas – Driving School Service

If you are very good behind the wheel, you can start a driving school and teach people how to drive. Every year, anxious teens who have attained the driving age requirements and even adults who don’t know how to drive approach driving schools to learn how to drive.

If you are looking for a steady source of income in the automotive industry, driving school is a lucrative business where you can teach people how to drive.

It is important to state that before starting a driving school, you will be required to obtain the required license, permits, and approval from the appropriate authority in your country. But apart from the little stress involved in securing approval, a permit, and a license for a driving school, it could be fun teaching people how to drive, especially if driving is one of your hobbies. By providing top-notch instruction and exceptional customer service, you can establish a reputable driving school that attracts a steady stream of customers and generates a healthy profit.

8. Limousine Services

Transport Business Ideas - Limousine Business — Transport Business Ideas – Limousine Business

Limousine is a profitable transport idea; you could provide limo service to celebrities or regular people. Whenever anyone entrusts you to drive them, a clean reputation is important. But in the case of the personal limo service, typically you’ll be driving a group of people who aren’t paying attention to where you’re going or how you’re driving but are enjoying the ride.

In order to start a limousine transport company, the driver needs to be supremely trustworthy, and the vehicle needs to be safe and well-maintained. For this, you can provide all the services yourself, from scheduling to driving. If you want to expand, just add vehicles and drivers and keep expanding your marketing to keep business flowing.

9. Boat Charters

Transport Business Ideas - Charter Boats — Transport Business Ideas – Charter Boats

Boats are more than a source of transportation or a fishing aid. They are now used as a recreational facility. It is not uncommon to see people take boat trips during the holidays. Some people even hold events onboard boats.

If you have sufficient funds, you can have a boat made for you or buy one that you can start renting to people. For businesses like boat charters, a transportation business license is a must.

10. Air Cargo Business

Transport Business Ideas - Air Cargo Business — Transport Business Ideas – Air Cargo Business

The sea is not the only means through which cargo can be brought in; starting a transportation business like air cargo is also profitable as the air can also be utilized in transporting containers. In 2014, airlines transported 51.3 million metric tons of goods, representing more than 35% of global trade by value but less than 1% of world trade by volume.

With the right tools and equipment, even though very costly, you can start an air cargo transport business by helping businessmen transport their goods faster and in a safer way.

Worldwide Revenue of Cargo Airlines (FY2008 - FY2022) — Worldwide Revenue of Cargo Airlines (FY2008 – FY2022)

11. Livestock Transportation

Transport Business Ideas - Livestock Transportation — Transport Business Ideas – Livestock Transportation

Livestock is a key part of many industries and plays an important role in their supply chains. However, transporting livestock is more challenging than moving other types of goods, requiring specialized transport services. This need creates opportunities for new entrepreneurs in the transport business.

Transporting livestock can be one of the best business ideas for small-scale investors in India. The agricultural sector frequently needs to move poultry, cattle, and pigs. Not only is it important to transport livestock safely, but by doing so, you can also meet the essential needs of farmers and tap into a high-demand market. Overall, livestock transportation is a highly promising transport business idea in India.

12. Healthcare Transportation

Transport Business Ideas - Healthcare Transportation — Best Transport Business Ideas – Healthcare Transportation

Healthcare transportation includes ambulances for emergencies and help for road accident victims. With more older people starting a medical transportation business can be a good idea. This service helps seniors, people with disabilities, and patients get to medical appointments.

To start, you’ll need wheelchair-accessible vehicles, trained drivers, proper certifications, and marketing to healthcare providers and community groups. Profit depends on your rates, the number of clients, insurance payments, and how well you run the business. Medical transportation services can make a profit of 10 to 20%.

13. Moving Company

Many entrepreneurs are exploring logistics business ideas due to the rising eCommerce and supply chain needs. You can start a moving business with just one truck and a few strong team members. Advanced logistics technology isn’t necessary, but experience in handling household and office items is essential.

Moving companies help relocate belongings, offering services like packing, shipping, and transporting household items. They handle both local and long-distance moves.

Charges are usually based on hourly rates or the specific job, so pricing must be planned carefully. Starting also requires investing in essential moving equipment, such as trucks and dollies.

14. Delivery Service

With the rise of e-commerce, last-mile delivery services are in high demand. You can work directly with local businesses or join platforms like Amazon and Flipkart. A clean driving record, a smartphone, and regular vehicle maintenance are essential. This role suits punctual drivers who enjoy problem-solving but require managing fuel costs and demand fluctuations.

15. Airport Shuttle Business

Transport Business Ideas - Airport Shuttle Business — Transport Business Ideas – Airport Shuttle Business

Airport shuttle services are a great business idea in tourist cities, helping people travel to and from airports. Use spacious vehicles, partner with hotels and travel agencies for bookings, and focus on being punctual and affordable to attract customers. Airport shuttle services can be one of the best bus business ideas.

16. Bicycle Rental

Cycle rental shops are becoming more popular in cities and tourist places because people are now more aware of the environment and want to stay healthy. This business can do really well in areas where bicycle-sharing services are already available and where many tourists visit.

As more people prefer eco-friendly transport, bicycles are a good option instead of using cars. This attracts many customers. Starting this business doesn’t cost much, and it can give steady income, especially if it’s connected to mobile apps that make renting easy and allow regular payments instead of one-time charges.

Conclusion

The transportation industry is a lucrative and constantly evolving sector that offers numerous opportunities for entrepreneurs to start profitable businesses. Starting a transportation business requires careful planning, market research, and a significant investment of time and money. However, with the right approach, dedication, and hard work, individuals can establish successful transportation businesses that provide a valuable service to customers while generating a healthy profit.

Whether you are interested in starting a ride-sharing service or a driving school, the key to success in the transportation industry is to offer high-quality services, prioritize safety, and remain adaptable to changing industry trends and regulations. With these principles in mind, anyone can turn their transportation business idea into a thriving venture.

FAQs

How to start a transportation business?

To start transport business, you need to conduct market research, create a solid business plan, obtain necessary licenses and permits, secure funding, and invest in equipment and facilities. You should also prioritize safety and customer satisfaction and remain adaptable to changing industry trends and regulations to ensure the long-term success of your business.

Is transport business profitable in India?

Yes, the transportation business can be highly profitable, as it provides essential services to individuals, businesses, and governments. The industry is constantly evolving and presents many opportunities for entrepreneurs to establish successful businesses and generate significant profits.

What are the top transportation business ideas?

The top transportation business ideas are

Air Cargo Business
Boat Charters
Limousine Services
Driving School Services
Shipping Services
Bus Transport Services
Car Hire
Trucking
Taxi Cab Business
Towing Service

What are the other transport business ideas?

Some of the other transport business ideas are:

Interstate Commuting
Ferry Transport
Car Storage
Car Wash
Courier Services
Motorcycle Sales
Transport Blogging
Kids Taxi Service
Airport Shuttle Business
Medical Transportation

How much does it cost to start a transportation business?

The cost of starting a transportation business can vary significantly depending on the type of business and the location. However, entrepreneurs should be prepared to invest in equipment, facilities, licenses and permits, and marketing expenses.

Is it difficult to obtain licenses and permits for a transportation business?

The process of obtaining licenses and permits for a transportation business can be complex and time-consuming, as different jurisdictions may have different regulations and requirements. However, entrepreneurs can consult with industry experts or government agencies to ensure that they meet all the necessary standards.

What is profit margin in transport business in India?

The profit margin of a transport business in India can vary depending on various factors, such as the type of business, the size of the fleet, the market demand, and the operating costs. However, on average, the profit margin in the transport industry in India ranges from 5% to 25%. It is important to note that profitability can also depend on effective management, cost control, and efficient operations.

What are small transport business ideas?

Airport Shuttle Services
Last-Mile Delivery
Moving Services
Car Rental
Food Delivery
Bike Courier
School Transportation

How to start a transportation business with one van?

To start a transportation business with one van, plan your service (like delivery, moving, or shuttle), obtain the necessary licenses and insurance, and ensure your van is in good condition. Market your services locally, set competitive pricing, and keep track of finances. Start small and focus on a specific service to build your business and reputation.

What are commercial vehicle business ideas?

Commercial vehicle business ideas include delivery services, moving companies, food trucks, shuttle services, parcel couriers, towing, waste collection, and construction hauling. These businesses can serve various needs, from local deliveries to transporting materials and providing roadside assistance.

What is transport business income in India?

Income from a transport business in India varies based on the service type. Delivery services can earn INR 30,000 to INR 80,000 monthly, while moving services may bring in INR 50,000 to INR 1,00,000. Ride-hailing drivers can make INR 25,000 to INR 60,000, and logistics companies can earn INR 1,00,000 to INR 5,00,000 per month, depending on demand and scale.

How to start a passenger transportation business?

To start a passenger transportation business, choose your service type (e.g., taxi, shuttle, or bus), get necessary licenses and permits, buy or lease vehicles, hire trained drivers, and get insurance. Set routes or on-demand options, and promote your service through online and local channels. Ensure safety, punctuality, and customer service for growth.

What is the bus business profit in India?

In India, the private bus business profit can range from INR 30,000 to INR 1.5 lakh per month per bus, depending on route, usage, fuel cost, and ticket pricing. Profits are higher on busy routes and with well-managed operations.

May 22, 2025

Rivigo – Fastest and Safest Tech-enabled Logistics Company

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.

Only when we thought that logistics can no longer get more interesting and is at the top of its game, Rivigo was set up in 2014 by former Mckinsey consultants Deepak Garg and Gazal Kalra to change the game. With the sole idea of creating a relay truck model, where no vehicle driver would drive for more than four-to-five hours at a stretch and also would return home the same day, Rivigo was born.

In September 2019, Rivigo entered Unicorn club with a valuation of $1.05 billion.

Interesting isn’t it? This is why StartupTalky has brought this Rivigo success story for you to know all about Rivigo app, its Founders, Valuation, Funding and Investors, Growth, Challenges, Competitors, and more.

Rivigo – Company Highlights

Startup Name	Rivigo
Headquarters	Gurgaon, Haryana, India
Sector	Logistics
Founder	Deepak Garg, Gazal Kalra
Founded	2014
Website	rivigo.com

Rivigo – About and How it Works
Rivigo – Industry
Rivigo – Founders and Team
Rivigo – Startup Story
Rivigo – Logo and Tagline
Rivigo – Business Model and Revenue Model
Rivigo – Startup Challenges
Rivigo – Funding and Investors
Rivigo – ESOPs
Rivigo – Growth and Revenue
Rivigo – Competitors
Rivigo – Future Plans

How does Rivigo works?

Rivigo – About and How it Works

With the launch of its relay model of trucking and utilization of cutting edge technology, Rivigo is transforming the nation’s logistics sector. This innovative method not only improves travel routes but also puts truck drivers’ welfare first, guaranteeing that they may sleep soundly in their own beds every night instead of having to endure the long, 20–30 day trips that were previously the norm.

A truck relay! Sounds interesting right? Let’s see how this platform caters to its target audience.

The mobile application of Rivigo is built for the drivers to make their life simpler by providing a one-stop solution for all their needs. This application is more image-based than text and is available in 11 different languages. Also, it tracks everything a driver needs to do, from notification of duties to surveys.

The pilot gets the duty alert on the phone and he reaches the pit stop. There, he scans his unique QR code which is a testament that he has reached the required destination. This way the incoming pilot gets the alert on his application to the subsequent pilot that he needs to hand over.

The interesting part is that there is a technological handshake through QR codes on the two pilots’ apps. The pilot who is taking over has a checklist regarding the truck’s condition and shipments, which he needs to verify through the Rivigo application. All this takes less than five minutes following which the pilot can drive off to his next pit stop.

This whole magnanimous process of routing and the assigning of pilots is taken care of by Rivigo algorithms. Rivigo’s trucks are all IoT-enabled with the feature that tracks the vehicle in real-time. This ensures reliability and avoids breakdowns.

This smart and real-time monitoring took off to another level when Rivigo launched refrigerated trucks for the fresh eatables producing sector of the economy. Here, the clients can check the thermostat and regulate it through the mobile application.

Rivigo Pilot Story

Rivigo – Industry

According to a recent survey of the economy, the Indian road freight market is estimated to be worth around $150 billion. However, Rivigo believes that they are operating in a monopoly market with no other company that is in direct competition with the company. The model of Rivigo is one of a kind in a large enough market with room for multiple players and there are multiple different problems to solve in the sector.

Rivigo – Founders and Team

Deepak Garg and Gazal Kalra were the Founders of Rivigo. Gazal left the company in 2018 but Deepak is still there, aligned with Rivigo.

Deepak Garg

Deepak Garg graduated from IIT Kanpur and then obtained his MBA degree from IIM, Lucknow. Deepak started as a software developer at Geometric Ltd. and by the time he launched Rivigo. Deepak had spent close to a decade at McKinsey & Company as an Associate Partner and was deeply involved in the logistics and automotive sector. After this, Deepak founded Rivigo, where he is serving as the pilot.

Gazal Kalra

Gazal has an MBA from the Stanford Graduate School of Business after completing her Master’s degree in Public Administration from Harvard Kennedy School. Before launching Rivigo, Gazal was a Consultant at the World Bank Group. Interestingly, she was also a parliamentary associate of Lok Sabha for close to two years. Gazal was a Business Analyst at McKinsey & Company and eventually became the Co-founder of Rivigo. Gazal resigned from Rivigo in October 2018 and is currently the Founder & CEO of a company that is in stealth mode, as of May 2022.

The Rivigo employee strength is listed as somewhere between 1000-5000 employees, as far as its Linkedin profile is concerned

Rivigo – Startup Story

All of this started when McKinsey and the National Skill Development Corporation (NSDC) happened to conduct a joint study to identify where are India’s most needed skilled jobs. And to everybody’s surprise Logistics and construction emerged as the top sectors. That’s exactly when Deepak Garg decided to take some time off from work, and flea on a road trip to interact and connect directly with the truck drivers to understand the reasons behind the shortage of drivers.

“It all started with a road trip, listening to the truck drivers and realizing that they have been marginalized and looked at as outcasts, which needed to change,” says the founder of one a kind Truck Relay.

While Deepak was just getting acquainted with the idea of the startup, he met with the future co-founder of Rivigo, Ghazal Kalra over coffee. That time, she had just gotten back from the US after finishing her joint program and was looking to put together a startup. Deepak and Gazal had not worked together yet, but Deepak knew Gazal through her husband who happened to be his colleague at McKinsey. To get a primary idea of what was happening on-ground, Gazal decided to hit the road herself. She was looking to understand the underlying reason behind Indians not taking up paid jobs like truck drivers. And the most surprising fact was this was the condition despite the massive unemployment ratios in the country.

Reminiscing, she said, “At a village in Rajasthan some three-four unemployed men were sitting around playing cards. I asked them, “Why don’t you consider the option of becoming a truck driver?” They took great offense to the question. One guy said no one would marry him if he took that option, while another said he had studied till Class 8, not for such a job.”

Analyzing this stigma on the mindsets of the people, this duo realized that there were several reasons why the “truck driving” profession has traditionally been frowned upon. Among these reasons, the biggest one was owing to drivers staying on the road for a stretch of days. So this meant that truck drivers go home three-four times a year. Also, this profession was perceived to be a high-risk job mainly because of factors like poor living conditions, vulnerability to contracting HIV, drug, and alcohol addiction, and pressure from truck owners to drive more often and faster. Somehow both these co-founders knew that if they work out an arrangement where they could send the driver home the very same day, the whole scenario could be reversed.

Rivigo – Logo and Tagline

Rivigo’s Tagline is ‘Making Logistics Human’

Rivigo Logo

Rivigo – Business Model and Revenue Model

Rivigo to date has always declined to reveal the pricing modules that it charges to its app users. Rivigo’s net worth is unknown but the company made it a point by saying that its clients see a saving of 12% to 20% in overall logistics costs when they use the Rivigo application. However, Rivigo has not been able to pass on the entire cost-benefit to clients.

Rivigo – Startup Challenges

Theoretically, this system sounds simple enough. But in reality, this process is very cumbersome. Rivigo has created a network of over 70 pit stops across the country, which translates to a driving distance of around 250 km or around five hours for a driver between pit stops. However, to make this as effortless as imagined, the team has to ensure full control and monitoring of the mechanism.

This is not it. The pilot who is handing over the truck again needs to board another truck that is coming in the opposite direction. So, essentially the trip planning and routing are required to be done optimally so that trucks are traveling in both directions at about a similar time.

Also, one of the major challenges faced by Rivigo is finding the right set of drivers and, therefore, requires huge investments to build an effective HR process. Both the co-founders have tried to create a hiring process for drivers that is as stringent as the management hires involving checks for behavior, attitude, and technical skills. All drivers go through strict and regulated training programs at Rivigo.

Rivigo – Funding and Investors

In September 2019, Rivigo entered the Unicorn club of Indian startups with a valuation of $1.05 billion. Rivigo has raised a total of $268.7 mn in funding to date via 11 funding rounds. The valuation of Rivigo is currently over $1 bn. Rivigo now aims to raise between $50-$100 mn in a Pre-IPO round before conducting an IPO in the next 18-24 months, as of May 2022.

Rivigo Funding Details are as follows:

Date	Amount	Series	Investors
December 1, 2015	–	Debt Financing	Trifecta Capital
December 17, 2015	$30 Million	Series B	Elevation Capital
October 6, 2016	$75 Million	Series C	Warburg Pincus
March 8, 2017	$12.84 Million	Debt Financing	–
January 12, 2018	$41.11 Million	Series D	Elevation Capital
July 10, 2019	$65 Million	Series E	SAIF Partners, Warburg Pincus
September 25, 2019	$4.97 Million		KB Global Platform Fund
December 2019	$20 Million	Series F	SAIF Partners, Spring Canter Investment Ltd.
January 6, 2020	$3.46 Million	Debt	Trifecta Capital
January 7, 2020	$3.21 Million	Series G	Elevation Capital (Formerly SAIF Partners
November 2, 2020	$10 Million	Series G	Elevation Capital

Rivigo – ESOPs

Rivigo adopted a new stock option compensation plan for its employees on May 16, 2022. This has been done under Rivigo Stock Option Plan 2022, for which the Rivigo board has already passed a resolution. This new plan of Rivigo will have 22,730 options each convertible into one equity share and is estimated to be valued at around $15 mn.

Rivigo – Growth and Revenue

Hailed as the fastest-growing surface transport services company in India, Rivigo has seen many ups since its establishment in 2014. Some of the major growth highlights of Rivigo are:

Owns a fleet of 5,000+ high-tech trucks
Reached over 4000 cities
Driven over 1 billion kilometers
More than half a mile trips are confirmed
Covers over 29,000 pin codes across the country
Boasts of having more than 200,000 fleet owners
Curated an undisturbed network of over 70 pit stops and 200 branches.
Recently launched National Freight Index (NFI) to provide live freight rates for different lanes and vehicles across the country.

Rivigo’s revenue rose to INR 1,028 crore in FY19. It had a loss of INR 600 crore for the fiscal year 2019, compared to a loss of INR 270 crore in 2018. The revenue of the Deepak Garg-headed company has increased by 5% in FY20, rising to INR 1,080 crore.

The expenditure of Rivigo also witnessed an increase of 5%, which was previously recorded at INR 1,532 cr in FY19 and became INR 1,622 cr in FY20. This made the losses of Rivigo increase by 6%. Rivigo’s losses were recorded at INR 511 crore (FY19) and surged to become INR 541 crore during FY20.

Rivigo – Competitors

Although Rivigo believes they do not have any direct competition in the industry with their relay logistics, in recent years we could see truck marketplaces such as Blackbuck, Lobb, and Trukky entering the market. Not just that, there are ventures like Delhivery and Ecom Express, operating in the same segment, who offers a holistic combination of warehousing, line haul, and last-mile delivery services. Some of the top competitors of Rivigo include:

Blackbuck
Lobb
Trukky
Delhivery
Ecom Express

Rivigo – Future Plans

Gazal said: “Rivigo is only getting started: Our philosophy from day one has been that this is a large sector to solve for. We want to build Rivigo into an institution that will last beyond our lifetime. Our aspiration keeps growing every year. But the main aspiration is quite simple – make India number one in logistics in the world.” Rivigo is currently planning to launch an IPO within the next 18-24 months after seeing a Pre-IPO round.

FAQs

What is Rivigo?

Rivigo is a technology-enabled logistics platform provider that offers transport services. The company’s full-stack logistics offering includes relay-led trucking and freight marketplace.

Who are Rivigo Founders?

Deepak Garg and Gazal Kalra are the Founders of Rivigo.

Who are the Top Competitors of Rivigo?

Rivigo faces competition from:

Blackbuck
Lobb
Trukky
Delhivery
Ecom Express

What is Rivigo valuation?

Rivigo has a valuation of over $1 bn.

How can you book a Rivigo truck?

A Rivigo truck can be booked by simply going to their website

May 16, 2022

Shuttl Business Model | How does Shuttl makes money

Waking up late in the morning and rushing to your office by holding a sandwich in one hand and bag vase in the other- just to catch the cab or drive yourself. Nevertheless, you will be in a fix and end up with a chastise from your boss!.

Just imagine, Pulling yourself up at 9 in the morning and being late for work. What will you do at that time?. That’s why Shuttl has been launched for those professional workers to travel conveniently to the office and start a tranquil day.

The Shuttl is an office commute travel bus aggregator mobile app, which runs in six major cities in India. In 2015, two IITans Amit Singh and Deepanshu Malviya joined together and founded Shuttl, an intra-city bus fleet.

The company opened their Series C funding, where Amazon, Dentsu, Trifecta, SIG, Lightspeed or Times Internet etc have invested a hefty amount in dilating the company.

Moreover, Shuttl facilitates real-time supervision by tracking down the progress of the destination, managing intelligent routing and automated data management. To sum up, Shuttl is a stress-free commute to work, where you have to mention the place you work and set the time to pick you up from your home. Later track your ride on the automated data management to eschew any risk.

Where does Shuttl operate?
Main products and services of Shuttl
Target audience of Shuttl
Business model of Shuttl
What’s unique about Shuttl’s business model
How does Shuttl make money
FAQ

Where does Shuttl operate?

Shuttl commenced its first commuter service in Delhi NCR and later expanded in Kolkata, Pune, Mumbai, Hyderabad and Chennai. The company is operating over 350 routes and 2000 buses in six cities. Notable; Shuttl became favourable at the start of its technology centre in Chennai as the city is still dealing with poor road infrastructure which engendered high traffic alert.

So, Shuttl optimised the challenge and ran successfully in Chennai. Furthermore, Shuttl is planning for another launch of its service in Bangalore.

However, Shuttl became undermined in recent times due to the ongoing pandemic and paused function in some cities.

Main products and services of Shuttl

Shuttl functions as an intra-city bus commuter for professional works, to secure convenient and reliable journeys every day. The company began this transportation service in order to shun air pollution and traffic, as people who are going to their workplace, largely opt for individual cars or drive themselves.

Shuttl helps you to access the app at your fingertips that benefit you with guaranteed seat optimization, Contactless booking and payments at a reasonable cost.

Besides, Shuttl works as an urban transportation service by commuting the customers at the time, they have mentioned to pick on the required destination and later drop at their home safe and sound.

Target audience of Shuttl

Shuttl developed as a mass transportation service for a tranquil journey for those professional workers, who are running late for work.

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Business model of Shuttl

Shuttl is designed as a tech-enabled mobility service that commutes customers from the pick-up point to the place they are working. For instance, You are super late for a meeting which is scheduled at 9 in the morning, but it’s already thirty past eight and there is no hope for any rental cab.

Subsequently, Amit Singh and Deepanshu Malviya launched an easy-mobility urban commuter bus service, which rides you from home to the workplace, right on time.

Additionally, the Shuttl app provides stupendous features to the clients, by tracking down the ride on the dashboard, seat optimisation, contactless payment and booking. The company solicits an affordable price for the service and operates only in eight cities- Kolkata, Pune, Mumbai, Hyderabad and Chennai.

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What’s unique about Shuttl’s Business Model

Shuttl’s business model makes the company a huge success. The unique features of the business model followed by the company are:

GPS tracking

The Shuttl app has a GPS tracking feature to allow the commuters to know exactly where the bus is and where and when the commuters have to board it to reach their destination.

Face-recognition Check-in

The bus is equipped with a Face-recognition screen that identifies the bus operator and shows the driver ID as only authorised drivers are allowed and also identifies commuters to have a check if they are validated and genuine to board the bus.

CCTV

Shuttl SAFE buses are furnished with Live CCTV coverage to protect the commuters and check if they are in any form of danger. Both the app and the bus have panic and SOS buttons for emergency rescue if the commuter is in danger.

Alcohol Detection

The bus has an alcohol detection setup that is linked with the ignition button to check if the driver is drunk or not and to protect the commuters from incidences of drunk driving. In this setup, the driver isn’t required to breathe into the device.

Call Back

The company provides another feature called Homecheck which is a callback option to check if the commuter has reached his/her home or destination safely.

How does Shuttl make money

How does a commuter bus operator earn their income? Yes, the fare paid by the commuters using the bus to commute from one place to another. But how does Shuttl earn maximum revenue from just the fare? Shuttl doesn’t own buses but rather enters into contract agreements with bus operators to use their buses and their crew including drivers and conductors for a fixed monthly payment.

Then, these buses are used under the company name and the fare for the ride is collected from their customers and are used to pay for extra expenses like fuel, salary, agreed on an amount to the bus operators, etc. Thus the company makes its profit effectively and efficiently.

Conclusion

It is proven in the past by many successful companies and their founders how the identification of a problem faced by the general public and creating a solution to it can make a business highly profitable and successful but if that solution is eco-friendly and protects the environment what’s not there to love about it.

Shuttl not only helps people have an economically viable means of transportation that is relaxed without the tension of travelling in an unhygienic over-crowded bus but in the process reduces people’s need to use their vehicle and thus reducing traffic, pollution and reducing the usage of fuel by the general public.

Shuttl is a much-needed alternative to commute for office-goers that is beneficial for both the environment and the people.

FAQ

What is Shuttl?

Shuttl is a Gurgaon based company founded in April 2015 that provides office commute service and is India’s largest mobile app that offers this service.

What is the source of revenue for Shuttl?

Shuttl earns its revenue by way of fare collected from their commuters. Shuttl earned a revenue of INR 142 Crore in the financial year 2020 and the company was fulfilling 60000 rides by employing 1200 buses.

Who is the founder of Shuttl?

Shuttl was founded in April 2015 by IIT alumni Amit Singh and Deepanshu Malviya.

August 15, 2021

Drivezy – Self-driven Cars at the Most Affordable Prices!

When it comes to automobiles, millennials today do not believe in ownership and maintenance of their cars and bikes. They believe in renting, using, enjoying, and being merry! Exploiting this insight merely on its merit, Ashwarya Pratap Singh, Hemant Kumar Sah, Abhishek Mahajan, Vasant Verma, and Amit Sahu started Drivezy in the year 2015.

Drivezy (formerly JustRide) is India’s largest marketplace for car and two-wheeler sharing. Through Drivezy, travelers can book scooters, motorcycles and cars from people living around them.

Drivezy – Company Highlights

Startup Name	Drivezy
Headquarter	Bengaluru, India
Sector	Automotive ecommerce, Rental
Founders	Abhishek Mahajan, Amit Sahu, Ashwarya Pratap Singh, Hemant Kumar Sah, Vasant Verma
Founded	April 2015
Parent Organization	Drivezy India Travels Private Limited
Website	drivezy.com
Contact	support@drivezy.com

About Drivezy and How it Works
Founders of Drivezy and team
How was Drivezy Started?
Drivezy – Startup Launch
Drivezy – Business Model and Revenue Model
Drivezy – Startup Challenges
Drivezy – Competitors
Drivezy – Funding and Investors
Drivezy – Growth
Drivezy – Future Plans

About Drivezy and How it Works

All in all, Drivezy is a car rental platform. Car owners can list their vehicles on Drivezy when they are not using it and the customers can rent it whenever they want to. It offers the following features to the users:

Bookings can be done on the website or from the mobile application.
18+ is the legal age to book bikes and cars on Drivezy.
The users can book the vehicles on an hourly, daily, weekly basis. They also have the option of fuel or no fuel vehicle bookings.
The security deposit on Drivezy is minimal. It can range from INR 0 to INR 999.
Drivezy provides its customers with home pickup service.
Drivezy releases instant payments to the car owners and refunds to the consumers in the given case.

Founders of Drivezy and team

The Drivezy founders are Abhishek Mahajan, Amit Sahu, Ashwarya Pratap Singh, Hemant Kumar Sah, and Vasant Verma.

Ashwarya Pratap Singh, Co-founder and CEO of Drivezy – Ashwarya is a graduate in Electronics and Communication Engineering. Also an alumnus of Y Combinator batch of 2016 and the first batch of Google Launchpad. He served as a mentor at Launchpad during his post-Graduation.
Hemant Kumar, Co-founder of Drivezy – Before launching Drivezy, Kumar was an application developer at Service Now and a senior consultant at Oracle India before that. Kumar has graduated in B.tech from MNNIT.
Abhishek Mahajan, Co-founder of Drivezy – Graduated from IIT Bombay, Abhishek was an Associate Consultant at PwC India. He is also a CFA Level 2 candidate.
Vasant Verma, Co-founder and COO of Drivezy – Before Drivezy, Verma worked as a global market analyst at Nomura. Vasant Verma has a graduation degree in B.tech from MNNIT.
Amit Sahu, Co-founder of Drivezy – After graduating from the MNNIT, Allahabad, Sahu worked as a vehicle testing engineer in Honda R&D India Dept. Performance testing of Various cars would fall under his domain. After this, he went on to work at Drivezy.

How was Drivezy Started?

It all started when one of the co-founders Ashwarya Singh bought a new car that met with an accident in the early days itself. Singh didn’t use the car so much but still considerably spent a chunk of his salary in the maintenance of the car. This got him thinking about creating a platform where one could rent cars.

There was one more thought that drove the inception of Drivezy, then justride.in, that the majority of people in India can’t afford to buy cars. He then went on to discuss this idea with his college friends, now the co-founders and launched Drivezy in 2015 in Bangalore.

Drivezy – Startup Launch

Drivezy was previously called Just Ride. In 2017, the team thought of adding bikes to their range of products to expand and increase their user base. Drivezy works on a model where the ideal cars and bikes of the owners are listed with them and the vehicle owners can generate cash even when they are not using the bikes or cars. The individual owners of the commercial vehicles are also registering with Drivezy to make money.

Drivezy – Business Model and Revenue Model

The Drivezy business model works on commission. Drivezy lets the vehicle owners list their vehicles on their mobile applications. The company takes roughly 20-25% of the revenue pooled from renting this vehicle.

Drivezy – Startup Challenges

The first and foremost hurdle for Drivezy was the trust issues amongst the vehicle owners. They wouldn’t just rent their cars to random strangers. Though Drivezy provides guarantees, aggregator model, a peer-to-peer sharing model, and background checks of the users, this is a major challenge in the Indian markets.

The second hurdle was difficulty in leasing and buying of cars due to the financial problems.

With the onslaught of the coronavirus pandemic, most of the businesses that relied on transport and communication, and mobility found themselves on unstable grounds. Drivezy is not an exception and therefore, after bearing with the economic downturn for over a year, the Bengaluru-based car and bike rental startup has finally decided to be acquired by Yamaha. The size of the acquisition will range between $45-50 million, as per reports.

Drivezy – Competitors

Drivezy cars kind of operates in a perfectly competitive market. There’s immense competition in the market with major players having massive market standing. Drivezy in totality competes with taxi aggregators and ridesharing startups like Ola, Uber, Bounce, LetsRide, PoolCircle, ZoomCar, Carzonrent, Wunder, and Ryde among others.

Drivezy – Funding and Investors

When it comes to funding, Drivezy has raised a total of $149.3M in funding over 10 rounds from various investors including Das Capital, Axon Partners, IT-Farm, Yamaha Motor Ventures, and Y Combinator, among others.

Here is a list of all the funding rounds of Drivezy:

Date	Stage	Amount	Investors
August 2015	Angel Round	$1 million	Anirudh Damani, Alok Mittal, Niraj Singh
November 2015	Seed Round	$2 million	–
March 2016	Series A	$400K	Dheeraj Jain
August 2016	Venture Round	$120K	Y Combinator
November 2016	Venture Round	$3 million	Susa Ventures, Kima Ventures, Axon Ventures, SCM Holdings and ITFarm from Japan
October 2017	Venture Round	$10 million	Das Capital
February 2018	Initial COin Offering	$5 million	Susa Ventures, Kima Ventures, Axon Ventures and other exiting investors along with other HNIs from Japan and Singapore
April 20, 2018	Second Round of Initial COin Offering	$8 million	Susa Ventures, Kima Ventures, Axon Ventures and other exiting investors along with other HNIs from Japan and Singapore
November 2018	Series B	$20 million	IT-Farm, Das Capital, Yamaha
November 2018	Debt Financing	$100 million	AnyPay

The company, since inception, had raised total funding of $49.45 million before closing the huge asset financing deal. In 2018, Drivezy secured $100 Mn in an asset financing deal with which the Drivezy team plans to induct close to 50,000 vehicles. The company had raised an amount close to $149.3 million.

Drivezy – Name, Tagline, and Logo

The company’s tagline is “Drive It Like You Own It!”

Drivezy Logo

As pioneers in the Indian self drive car rental industry, the company believes in the mantra- “Why buy a car, when you can rent one?”.

Drivezy – Growth

Drivezy’s growth is coming at what seems to be a key inflection point for the transportation industry. The company claims to have a customer base of about 1.5 million registered users and with around 93% of them coming from the 18-35 age bracket. Cofounder Ashwarya Singh told that it has processed over 4 lakh bookings, and has 500 employees in 11 cities.

Operating cities- 21 cities of India
Average monthly customers- 2,00,000
Average monthly pending requests- 2300
Average monthly revenue- $150,000
Average monthly GMV- $950,000

The company earns a 15-30% commission for every successful transaction. In FY18, it clocked a GMV (Gross Merchandising Value) of $32 Million, growing by 200% since 2017.

Drivezy – Future Plans

Drivezy clocked gross sales of $32 million in 2018 and is targeting $80 million in 2019. Besides this, the company plans to launch in the US by starting with a fleet of 200 cars in San Francisco. Drivezy also plans to lunch its operations in Southeast Asia soon.

Frequently Asked Questions – FAQs

How does Drivezy work?

Car owners can list their vehicles on Drivezy when they are not using it and the customers can rent it whenever they want to and they will be required to pay a nominal amount for every km travelled. The user will get the vehicle with full fuel tank and He/She has to return it with the same fuel level.

How much can I earn with Drivezy?

Drivezy claims that owners can earn up to INR 30,000/month by leasing out their vehicles.

Who are the Drivezy owners?

The Drivezy founders are Abhishek Mahajan, Amit Sahu, Ashwarya Pratap Singh, Hemant Kumar Sah, and Vasant Verma.

July 6, 2021

E-plane – A Company Leading Air Taxi Startup Race in India

Traveling through Indian roadways raises a lot of concerns especially intracity travels. The urban cities in India have a lot of traffic, infrastructure problems which are bad roads, an increase in population, etc. All these make road transport a hurdle and reaching a place on time harder.

In order to solve the issues faced due to traffics and bad infrastructure in the country, the Chennai-based e-plane company is in the process of developing an Air Taxi which would take the aerial route.

Ubifly Technologies Private Limited was founded in the year 2016. The company is better known as the e-plane company and was founded by Satyanarayanan Chakravarthy and Panjal Mehta.

Founders of The e-plane Company
Aim of The e-plane Company
The e-plane Company Funding
UAV models
Supervision Free Flights
Commercial drone market of India
Future plans of The e-plane company
FAQ

Founders of The e-plane Company

Panjal Mehta is an alumnus of IIT Madras and a student of Satyanarayanan. Satyanarayanan is the co-founder and CTO of the company. He was a professor in IIT Madras teaching aerospace engineering since 1998. He is also the head of the Centre for Propulsion Technology and the head of the National Centre for Combustion Research and Development Lab (NCCRD).

Pranjal Mehta(Left) with Prof.Satyanarayanan

One of the major reasons that led to the launch of the company was his study on propulsion. Panjal Mehta was involved in working towards building a short-distance daily flying vehicle.

Aim of The e-plane Company

Satyanarayanan has explained that the main aim of the startup is to redefine intracity traveling in the country. The company will concentrate on developing electric planes and unmanned aerial vehicles (UAV). This will mainly be concentrated on short-range intracity travels.

He also says that the products developed by the startup will be different and unique in nature. The company is building a hybrid mix of drones and electric aeroplane technology.

He gave an explanation saying that the vehicles will take off and land similar to a drone but will move forward in the air like an electric aeroplane.

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The e-plane Company Funding

4th Dec 2020 – The e-plane Company raised an undisclosed amount of funding led by Speciale Invest.

3 March, 2021 – The ePlane Company raised a funding of $1M from Naval Ravikant, as a part of its seed funding round.

UAV models

Satyanarayanan who is the co-founder has revealed that the startup has already designed three UAV models.

Ek Hanz

The first product developed by the company is TEC’s Ek Hanz. It is a UAV model is designed especially for delivering goods and services. It can carry up to 6kgs of load and will be able to fly continuously for 100 km at a speed of 50 km/hr.

Ek Hanz by the e-plane company

Scout

The next product of the company is Scout. It is a drone that is designed and developed mainly for surveillance and security purposes. This drone has a powerful onboard processor and also has a long-lasting battery. This will ensure proper surveillance during certain crises.

Vayu

The company is also in the process of developing a hybrid auto-pilot e-plane which will be called as Vayu. This model is also developed for surveillance, but it will be concentrated on operating in larger areas. The main feature of Vayu is that it is smaller than Ek Hanz and Scout, but will fly continuously for more than 2 hours in a single charge.

Air taxi

The company is also working towards building a two-seater electric air taxi which is named as e200. This will concentrate on office goers who travel on a regular basis to work.

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Supervision Free Flights

The startup has claimed that its copyrighted ML algorithms will enable their flights to travel through the air without supervision. The vehicle would take off and land like a drone with just a push of a button and the vehicle will move forward like a plane.

It is said that their air vehicle will automatically be able to detect any obstacles which come on their way such as trees, electric poles, etc. to ensure a safe flight. Hence, the air vehicle wouldn’t require supervision.

Commercial drone market of India

India’s commercial drone market is expected to grow at a CAGR of 12.4 percent in 2020-2026 according to a report by Research and Markets. The report has also added that the growth in the use of drones has been increased because of the Covid-19 outbreak globally.

As of now, the majority of drones are being used for surveillance and mapping. The outbreak of Covid-19 in the country has made a realization of the importance of drones for deliveries.

In June 2020, 13 companies were allowed to conduct trials which were let by the Directorate General of the Civil Aviation (DGCA). This trial was conducted to check the possibility of using drones for delivering medicines and other necessary goods and services.

Future plans of The e-plane company

Satyanarayanan has explained that the startup is not working towards or focused on building drones but is aiming towards building and developing electric planes or Air taxi for intercity transportations. They are working towards building electric planes which will be the future of intracity travel.

The co-founder had said that the company is currently building a two-seater e-plane. This will be concentrated on working as an Air taxi. He said that the company will take at least 2 years to build the aircraft and some more years to receive permission from the aviation industry.

FAQ

What does Air Taxi mean?

Air taxis are a small commercial airplane used for short flights between localities.

Which company is going to start drone air taxi service in India?

Malaysian budget airline AirAsia is planning to launch a flying-taxi business as soon as next year.

Does Dubai have flying Air taxi?

Dubai has one of the first major project of Air taxi, The Autonomous Air Taxi (AAT) is an 18-rotor drone taxi. The company claims to be the world’s first ‘self-flying taxi service’.

Conclusion

India could soon join the race towards devising better ways of transportation. As The e-plane company is working towards building a two-seater electric air taxi which is named as e200. This will concentrate on office goers who travel on a regular basis to work. The startup is also working towards raising external funding.

April 30, 2021

Shuttl – Offering Services At Around One-Eighth The Price Of a Cab

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Shuttl.

Public transportation provides a good deal of mobility, safety, and economic benefit to people and businesses. Beyond those key benefits, it also offers the most significant environmental advantages that contribute to a better quality of life. Public transportation reduces the number of cars in the street, and thus helps improve air quality, alleviate traffic congestion, and noise.

Shuttl is an app-based office bus service that provides buses for intra-city commute by allowing users to search and book AC bus-rides for travel.

Shuttl – Company Highlights

Startup Name	Shuttl
Headquarters	Gurugram, Haryana, India
Industry	Transportation
Founded	2015
Founders	Amit Singh and Deepanshu Malviya
CEO	Amit Singh
Area Served	India
Website	www.ride.shuttl.com

Shuttl – About and How it Works?
Shuttl – Logo and its Meaning
Shuttle – Recent News
Shuttl – Founder and History
Shuttl – Mission
Shuttl – Business Model
Shuttl – Revenue and Growth
Shuttl – Funding and Investors
Shuttl – Awards and Recognition
Shuttl – Competitors
Shuttl – Challenges Faced
Shuttl – Future Plans
Shuttl – FAQs

Shuttl – About and How it Works?

Shuttl being India’s largest bus aggregator platform, provides office goers an easy and stress-free mode of travel to their workplace and back. Shuttl offers its services via their mobile application, which is available on both Google Play store and App Store. The company was founded in 2015 and is headquartered in Gurgaon.

The company started operating first in Delhi-NCR. By now, Shuttl has extended its services to other cities of India such as Mumbai, Pune, Hyderabad, Kolkata and Chennai.

Shuttle provides reserved seats in AC buses, real-time bus tracking, affordable single day and monthly plans, guaranteed safety via advanced technology integrations, and robust identity checks of drivers and co-passengers.

“India isn’t as evolved a market where a passenger would feel safe in a stranger’s personal vehicle. That same person would be perfectly fine sitting next to a stranger in a public vehicle, like a bus. Commuting is the worst part of the day, and we wanted to come out with a solution to take the pain away from people of daily commuting and buses are the most efficient and cost-effective. Shuttl was the credible alternative to these people,” said the CEO.

You can explore bus routes between two locations and the app assists you in finding the best possible route to reach there. Once the booking process is done you need to browse your bus route on the Map. The application helps you navigate to your pickup point. The tech sourced app facilitates user to keep track of your Shuttl on the app to plan the journey. A user receives the vehicle’s details within 30 minutes before the scheduled boarding time. User can cancel or reschedule the booking before Shuttl reaches your pick-up point.

Therefore, Commuting with Shuttl reduces congestion, pollution, stress on city infrastructures (toll plaza, parking spaces), and gives back precious travel time that was lost earlier in driving/standing.

Shuttl – Logo and its Meaning

Shuttl’s company logo consisting of a bus in light blue colour, depicts how the company leverages on technology and focuses on comfort, and time-saving process of travelling through buses. All one has to do is install Shuttl app for easy commute.

Shuttl’s company logo

Shuttle – Recent News

Shuttl begins testing international market with Thailand
Amidst dealing pandemic, Shuttl expands its ESOP pool
Bus aggregator startup Shuttl raises INR 57 Crore from SIG Global India Fund
Shuttl raises $8m from SIG Global and more updates
Amazon backed Shuttl raises $36 Million from Toyota, others for expansion

Shuttl – Founder and History

The company was founded by Amit Singh and Deepanshu Malviya in 2015.

With buses, it was possible to offer a service at around one-eighth the price of a cab.

The Shuttl startup began intra-city bus fleet operations in 2015 within Delhi-NCR. The story of Shuttl dates back to 2014 when IIT-graduates Amit Singh and Deepanshu Malviya used to work for e-commerce company Jabong. They wanted to start their own venture, which led them to quit their jobs at Jabong. They started with a mobile content platform and later tried their hands at inter-city cab services. However, both these projects failed to take off. Nonetheless, neither Amit nor Deepanshu lost hope and kept looking for new opportunities.

When the founders noticed the huge challenges faced by commuters every day in Delhi-NCR and how people were usually forced to travel in crowded buses. The entire experience was quite stressful, they started with a pilot project wherein they hired two Toyota Innova cars and launched a basic app for the Shuttl service. With reserved seats, reliability and comfortable rides, the word soon spread and Shuttl started getting more requests from office goers. As of now, Shuttl operates hundreds of buses across various cities it serves.

Shuttl – Mission

With a mission of solving the pain of commute, Shuttl offers a space-efficient, safe, and cost-effective solution for urban India. Shuttl has demonstrated the ability to simultaneously address the dual challenge of congestion and pollution.

Shuttl – Business Model

Since the startup’s inception, the bus sharing commute offered more than 8 lakh rides and clocking about unimaginable rides a day. Apart from Delhi the company operates in the cities like Hyderabad, Kolkata, Gurgaon, Faridabad, Noida, and Pune and expanding to other cities as well.

The Shuttl business model is simple. They are an online aggregator and works with multiple service providers to sell their services under the Shuttl branding. The service providers in this case are Bus Operators with a valid licence to ply their buses on particular routes. Shuttl does not own any of the vehicles that are operated under its branding. It merely enters into service contracts (often at a fixed price) with bus service providers for the use of their vehicles under the Shuttl branding.

The responsibility to provide the actual transportation service lies with the bus service operators. It is also the operator’s responsibility to hire drivers and other crew necessary to ply the vehicles.

The fare that individual users pay to avail the shuttle bus services is collected and retained by Shuttl.

Shuttl – Revenue and Growth

App-based bus aggregator Shuttl surpassed INR 100 Crore in revenue in the financial year ended March 2019, clocking a 123% year-on-year growth compared with INR 44.8 Crore revenue reported in FY18, according to the company’s unaudited financial results released. Shuttl claims to have a rider ship of over 1 lakh rides per day across the six cities. Shuttl which raised over $50 million since its inception in 2015, currently has a network of over 350 shuttle routes operating 1,800 buses across different locations in India. Shuttl also claims to have completed over 33 million rides till date. Around 38% of Shuttl users are women.

“We attribute our sustained growth to our riders and uniquely designed services that we are offering them. Our endeavor is to deliver a safe, reliable and environmentally sustainable mobility for urban India, and by attaining one lakh daily ridership, we are confident that our constant efforts to enhance asset utilization, lowering transportation costs and improving rider convenience will help us transform the mobility landscape of cities in future,” Amit Singh, Co-chief executive of Shuttl said.

Shuttl – Funding and Investors

The Shuttl funding has raised a total of $122.3 Million in funding over 13 rounds. Their latest funding was raised on Feb 18, 2020 from a Corporate Round round. Shuttl is funded by 22 investors. Sojitz and SIG Global India Fund are the most recent investors.

Date	Round	Amount	Lead Investors
Feb 18, 2020	Corporate Round	$3M	Sojitz
Feb 14, 2020	Series C	₹570M	SIG Global India Fund
Dec 17, 2019	Series C	$2.5M	Moving Capital
Nov 25, 2019	Series C	$18M	SPARX Group, Toyota Tsusho
Oct 29, 2019	Series C	$42M	SMBC Trust Bank, Toyota Tsusho
Apr 17, 2019	Venture Round	₹350M	NAV.VC
Mar 28, 2019	Series B	₹499.9M	Lightspeed India Partners, SCI investments, Sequoia Capital India, Times Internet
Jan 17, 2019	Debt Financing	₹100M	Trifecta Capital Advisors
Oct 23, 2018	Debt Fiancing	$1M	Trifecta Capital Advisors
Jul 30, 2018	Series B	$11M	Amazon, Amazon Alexa Fund, Dentsu Ventures

Shuttl – Awards and Recognition

In June 2018, Shuttl was felicitated in the sustainable mobility category at the International Ashden Awards held in London.

In November 2017, in the FICCI Road Safety Awards, the firm had won the Special Jury Award in the category of Road Safety Product and Solution.

Shuttl – Competitors

ZipGo, WhistleDrive VProtect India, VAJOR.COM, EazyDiner, The Man Company Cityflo, and Commut are the leading contenders to Shuttl.

Shuttl – Challenges Faced

Shuttl, an app-based on-demand shuttle service has suffered a loss of $8.21 million in fiscal year 2015-2016.

In a media interview, co-founder Amit Singh said the company plans to scale its fleet to at least 700 by the end of the ongoing financial year. It is also expected to hit a monthly sales run-rate of INR 10 Crore after that.

However, for Shuttl, the path to growth was not going easy as the company was facing various regulatory issues with state governments.

The transport department of Delhi government impounded over 50 Shuttl buses for permit violations. Besides, the department also threatened the two co-founders of Shuttl for ‘illegally’ plying buses in the national capital. In defence of the impounding, a senior official in the State Transport Ministry stated that these private buses are contract carriers and cannot act as stage carriers to pick up individual passengers as it leads to safety concerns, besides congestion and pollution.

Shuttl – Future Plans

India’s largest bus aggregator Shuttl has entered the highly contested food delivery space by launching meals on buses for daily commuters, as it looks to further monetize its captive customer base.

“Our customers are demanding food to be served on buses. The metric we track, ie Items sold per ride, show that about 90% of the people are buying something which validates that there is a consumer demand for it….we are working with cloud kitchens and building an ordering product to scale this offering,” Amit Singh, cofounder of Shuttl, said, adding that the service would target commuters who on average use the Shuttl service 22 times a month.

The company expects to break even at an operating level on the back of an increase in prices, bigger buses, and improved occupancy levels. Selling daily essentials on buses like bread, butter, curd, eggs and milk would be the next step for the startup, Singh said. The Shuttl startup also aims to expand their franchise in other cities of India.

Shuttl – FAQs

When was Shuttl founded?

Shuttl was founded in 2015.

Who is Shuttl’s CEO?

Shuttl’s CEO is Amit Singh.

Who are the Shuttl Founders?

The company was founded by Amit Singh and Deepanshu Malviya in 2015.

Who are Shuttl’s competitors?

Shuttl’s top competitors are ZipGo, Easy Commute, and Cityflo.

March 26, 2021

Via – Reframes The Public Transit Systems Into Digital Networks!

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

Via is a company that provides public mobility solutions through its dynamic digitalized networks. The company develops on-demand and pre-scheduled transit systems with a focus on building the future transportation systems. This innovative move of the company helps in reducing various social problems such as traffic congestion and carbon emission. Let’s have a look at the company’s growth, strategies, and attainments.

Via – Company Highlights

Startup Name	Via
Sector	Transportation
Headquarters	New York
Founded	2012
Founder	Daniel Ramot, Oren Shoval
Parent Organization	Via Transportation Inc.
Website	www.ridewithvia.com
contact	info@ridewithvia.com

Via – About
Via – Founders and Team
Via – Vision and Mission
How Was Via Started?
Via – Business Model and Revenue Model
Via – Funding and Investors
Via – Logo
Via – Competitors
Via – Growth and Revenue
Via – Acquisitions

Via – About

Via is a re-engineering public transit company that focuses on transforming transportation systems into dynamic networks. The company operates in cities, private operators, school districts, universities, and corporations. The facilities include first/last mile, school bus, non-emergency medical solutions. It exhibits eco-friendly travel solutions such as less operational costs, reduced traffic, and carbon emissions.

Via – Founders and Team

Via was founded in the year 2012 by Daniel Ramot and Oren Shoval. Daniel Ramot is the CEO of the company. He did his Ph.D. from Stanford University School of Medicine. He was working as an Engineering and Product Manager at Israeli Air Force and was also the Director of D.E.Shaw Research. Oren Shoval is the other Co-founder and CTO of Via. He was a former strategy business consultant at McKinsey and has spent 10 years in the Israeli Air Force. The company currently has more than 700 employees.

Via – Vision and Mission

The vision and mission of the company is to build a revolutionary technology that will change the transportation system in a more beneficial way for the people.

Via – How Was Via Started?

When the company first launched, there was little interest from cities in the software platform. The company started by focusing on its consumer-facing shuttles. Over time, and using the massive amounts of data it collected through these services, Via improved its dynamic, on-demand routing algorithm, which uses real-time data to route shuttles to where they’re needed most.

Via landed its first city partnership with Austin in late 2017, after providing the platform to the transit authority for free. It was enough to allow Via to develop case studies and convince other cities to buy into the service. In 2019, the partnerships side of the business “took off,” Ramot said in a recent interview, adding that the company signed on two to three cities a week before the COVID-19 pandemic.

The Via platform is used by more than 100 partners, including cities such as Los Angeles and Cupertino, Calif., and Arriva Bus UK, a Deutsche Bahn company that uses it for a first and last-mile service connecting commuters to a high-speed train station in Kent, U.K.

Via – Business Model and Revenue Model

The company uses the generic ride-sharing model, which is a B2C business model as other transit startups. The service is to connect riders with drivers. The company charges according to the transit accompanied.

Via – Funding and Investors

Via has raised a total of $587.1M through five different funding rounds. The Series E funding round, which included other investors, totaled $400M, according to a source familiar with the deal. Exor invested $200M into Via as part of the round.

Via employs about 700 people, planed to use most of these funds to expand its “partnerships,” the software services piece of its business. Via has two sides to its business. The company operates consumer-facing shuttles in Chicago, Washington, D.C. and New York. But the core of its business is really its underlying software platform, which it sells to cities and transportation authorities to deploy their own shuttles.

Date	Stage	Amount	Lead Investors
March 2014	Series A	$10.1M	–
April 2015	Series B	$27M	Pitango Venture Capital
May 2016	Series C	$100M	Pitango Venture Capital
September 2017	Series D	$250M	Daimler
March 2020	Series E	$200M	EXOR N.V

Via – Logo

Via – Competitors

The leading competitors of Via are Uber, Lyft, Gett, Zimride, Scoop, Getaround and Waze.

Uber Technologies, Inc., commonly known as Uber, offers vehicles for hire, food delivery, package delivery, couriers, freight transportation, and, through a partnership with Lime, electric bicycle and motorized scooter rental.

Lyft, Inc. develops, markets, and operates a mobile app, offering vehicles for hire, motorized scooters, a bicycle-sharing system, and food delivery. The company is based in San Francisco, California and operates in 644 cities in the United States and 12 cities in Canada.

Gett, previously known as GetTaxi, is an Israeli on-demand mobility company that connects customers with transportation, goods and services. Customers can order a taxi or courier either through the company’s website or the company’s GPS-based smartphone app.

Zimride by Enterprise Holdings is an American carpool program that matches inter-city drivers and passengers through social networking services. It is offered to universities and businesses as a matchmaking service.

Getaround is an online car sharing or peer-to-peer carsharing service that allows drivers to rent cars from private car owners, and owners to rent out their cars for payment. As of 2019, the company was reported to have five million users and approximately 20,000 connected cars worldwide.

Waze is a GPS navigation software app owned by Google. It works on smartphones and tablet computers that have GPS support. It provides turn-by-turn navigation information and user-submitted travel times and route details, while downloading location-dependent information over a mobile telephone network.

Via – Growth and Revenue

The company operates in 20+ countries with 70+ Million rides and 90+ Transit partners. The estimated annual revenue of the company is around $225M.

Via – Acquisitions

Israeli-founded transportation system company Via has acquired Fleetonomy, a fleet management software startup based in Tel Aviv, in a bid to expand into the delivery and logistics solution sphere. The financial details of the deal were not disclosed but Globes reported that a source estimated it at between $15M and $25M. Following the acquisition, Fleetconomy’s 15 employees are expected to join Via.

October 16, 2020

Growth and opportunities for Transport and Logistics Business in Indian Market

The transport and logistics industry in India is more lucrative than other businesses for any individual to start up a business with moderate capital investment.

India being one of the fastest growing and developing economies in Asia, the transport and logistics industry in India shows a superior growth rate for Indian market players. The spends on Transport and Logistics services are estimated at 14% of the GDP annually as the share of the total value of goods.

Road transport constitutes over 64% of the total freight movement. This type of consists of 2.2 million heavy trucks and 1 million light-duty trucks covering around 18,00,000 kms of road length carrying 4000 million metric Ton of load annually.

There are multiple opportunities in Indian logistic industry in both smaller or new startups and large-scale businesses. On the other hand, analyzing and starting a transport business can be considered a cash-intensive business. The business particularly demands strategic operational planning, manpower investment, and digital promotion.

Some of the Transport Companies in India

Steps to start Transport Business in India

Some essential steps to be taken by entrepreneurs in transportation industry who wish to start a Business in India, hoping for a better future and outcome. The steps are to :

Research about the Transport Industry

To start with the Transport and Logistics Business in India, entrepreneurs must have full knowledge about how the transport industry works and what are operational requirements. Business owners need to learn about what are some legal rules and regulations to be followed by a transport business. It is also necessary to conduct full research on the transport business before getting into it.

Plan and Register for a Loan

To plan and execute a business idea and start any business in the world, a clear Business Plan has to be recorded. In business world, each and every effort should be counted and should be recorded carefully as it can prove to help raise funds for the transport business.

The business owners also need to think of a catchy brand name for the business and secure a copyright/ trademark. After planning a business in and out, business registration has to be done. Entrepreneurs get the option of registering their businesses as a private limited company or a Partnership. Once the registration is done, the economic factor should be taken care of and should probably have to take a business loan for the investment

Manage Transport Trucks and Lorries for business

After registering, entrepreneurs need to hire the right kind of people for Transport Business Operations and get vehicles that are required for the business by securing Vehicle loans.

Advertise the Business

To set up the new company, entrepreneurs have to advertise and Market their Transport company on regular basis by building a website and maintain an account of business on regular basis.

Profitable Transport Business Ideas

There are multiple lucrative business ideas in the Transport and Logistics Industry in India. The business opportunities are easy to find and can be made successful and help get started with the Business.

Car Rental

Car rental is a traditional business idea. This type of business is a successful one in both urban areas as well as small towns. These Organizations need to understand the local and customer business demand. It is profitable for the company when people who want to travel a certain distance and go out of their respective city and reach a destination, they are the target consumer of the business.

Drivezy Company Profile – India’s largest vehicle sharing platform

When it comes to automobiles, millennials today do not believe in ownership andmaintenance of their cars and bikes. They believe in renting, using, enjoying,and being merry! Exploiting this insight merely on its merit, Ashwarya PratapSingh, Hemant Kumar Sah, Abhishekh Mahajan, Vasant Verma, and A…

StartupTalkyRishabh Rathi

Ambulance Service

Ambulance service company demands less capital investment from the entrepreneur as compared to other businesses. The business owner must know and identify the market demand and target audience. It is also beneficial because there would be numerous medical emergencies and situations which prove profitable for the business. The Business owners should have a better connection and network with local hospitals, nursing homes, and clinics.

Ambulance Transport services in India

App-Based Taxi Service

The transport taxi businesses which are based on an app in the Indian market is growing with huge numbers. Big Companies or giants like Ola and Uber are operating almost in the whole country helping commuters travel every day and capturing the transport market. These companies also provide an option of using a user’s car with the companies and they will ensure them a monthly profit. Hence, it works both ways for the users.

Car shuttle service

Car shuttle service refers to a not exactly door-to-door pick up or drop but a reliable transport business for employees. It is mostly availed and used by the company employees, needing a transport service for commuting daily to work.

Company’s Employees can book cabs through a third party agency. These days’ different cabs are being introduced for women who work in the night shifts.

Rivigo – The one and only trucking relay model in the country!

Only when we thought that logistics can no more get interesting and is at thetop of its game, Rivigo was set up in 2014 by former Mckinsey consultants DeepakGarg and Gazal Kalra. With the sole idea of creating a relay truck model, whereno vehicle driver would drive for more than four-to-five hour…

StartupTalkyVidhi Punamiya

Cold Chain

Cold chain travel company is a profitable one in the industry as it demands substantial capital investment and a greater amount of care and personal attention. It is because cold chain generally operates in the temperature-controlled supply chain. This business helps to cover the goods and ensure the safe transport of the perishable products.

Livestock Carrier Services

Livestock transport companies in India provides an enormous opportunity by carefully transporting Poultry eggs, birds, goats and chicks as they are the major products that need special infrastructure at the time of transportation. There are also numerous other animals who are transported with the help of these services.

Conclusion

Transport and logistics company takes time and effort anywhere to build. These businesses have to make sure that they have the financial backing and enough human resource to pay attention to details. Entrepreneurs need to concentrate on the service efficiency which will improve the quality of the services provided and ensure the safety of delivery of goods.

October 1, 2020

Tag: transportation startup

How to Start a Transportation Business?

Most Profitable Transport Business Ideas

1. Towing Service

2. Taxi Cab Business

3. Trucking

4. Car Rental

5. Bus Transport Services

6. Shipping Services

7. Driving School Service

8. Limousine Services

9. Boat Charters

10. Air Cargo Business

11. Livestock Transportation

12. Healthcare Transportation

13. Moving Company

14. Delivery Service

15. Airport Shuttle Business

16. Bicycle Rental

Conclusion

FAQs

How to start a transportation business?

Is transport business profitable in India?

What are the top transportation business ideas?

What are the other transport business ideas?

How much does it cost to start a transportation business?

Is it difficult to obtain licenses and permits for a transportation business?

What is profit margin in transport business in India?

What are small transport business ideas?

How to start a transportation business with one van?

What are commercial vehicle business ideas?

What is transport business income in India?

How to start a passenger transportation business?

What is the bus business profit in India?

Rivigo – Company Highlights

Rivigo – About and How it Works

Rivigo – Industry

Rivigo – Founders and Team

Deepak Garg

Gazal Kalra

Rivigo – Startup Story

Rivigo – Logo and Tagline

Rivigo – Business Model and Revenue Model

Rivigo – Startup Challenges

Rivigo – Funding and Investors

Rivigo – ESOPs

Rivigo – Growth and Revenue

Rivigo – Competitors

Rivigo – Future Plans

FAQs

What is Rivigo?

Who are Rivigo Founders?

Who are the Top Competitors of Rivigo?

What is Rivigo valuation?

How can you book a Rivigo truck?

Where does Shuttl operate?

Main products and services of Shuttl

Target audience of Shuttl

Business model of Shuttl

What’s unique about Shuttl’s Business Model

GPS tracking

Face-recognition Check-in

CCTV

Alcohol Detection

Call Back

How does Shuttl make money

Conclusion

FAQ

What is Shuttl?

What is the source of revenue for Shuttl?

Who is the founder of Shuttl?

Drivezy – Company Highlights

About Drivezy and How it Works

Founders of Drivezy and team

How was Drivezy Started?

Drivezy – Startup Launch

Drivezy – Business Model and Revenue Model

Drivezy – Startup Challenges

Drivezy – Competitors

Drivezy – Funding and Investors