Tuesday, March 15, 2011

AutoRikshaw-Taxi Network

I believe this idea has good potential.

Idea evolves around making a network of auto and taxi + GPS system + Customer Call Centre for maintaining the eco-system. Need a financing system for installing GPS in taxi/autos.

Revenue Model - To be finalized but could be 10% of Revenue earned due to system.

Strength
Customer gets Auto comfortablly from any place.
Taxi/Auto get more business.
All competitors in private domain ex MERU, Radio Taxi.

Weakness
Need to deal with low grade people.

Opportunity
Advertisment banners on taxi/auto may be taken through us.
It can be India Wide system.

Threat
Competitors may replicate the system.
Mapping of address in Google Map to GPS at India Level.

Overall Idea rated is 3.5 in my views.

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