Snehal khanna Blog

According to a company statement here, the investment would focus on scaling up technology and a dense logistics network LATEST NEWS    :Food ordering and delivery chain Foodpanda India on Monday said it would invest Rs 4 billion to strengthen its network and hire 25,000 delivery riders in the next 12 to 15 months. According to a company statement here, the investment would focus on scaling up technology and a dense logistics network which would ensure better services for customers. "Creating a strong delivery ecosystem backed by technology is one of the most fundamental needs of the Indian food tech industry. We at Foodpanda recognise this and are investing Rs 4 billion to further strengthen our delivery network across all the metros and other key cities," said Pranay Jivrajka, CEO, Foodpanda India. "We are also ramping up our last mile connect by hiring 25,000 delivery riders. This is in line with our go to market strategy to make a difference...

Autonomous vehicles are the logical next step for cab aggregators like Ola and Uber LATEST NEWS : Nagpur, the home town of Union Transport Minister Nitin Gadkari    , is now a laboratory to test electric vehicles for public transport in India. Cab aggregator Ola is testing a model that uses electric auto rickshaws, cars, and buses to make adoption of electric vehicles for mass transport viable. If the Nagpur experiment succeeds, Ola will execute the promise by its investor, Japanese internet firm Softbank, of running over a million electric vehicles across India. This vision requires massive investments in cars, buses, and the charging infrastructure. In addition, investments are also required in batteries, which India currently imports. Both Ola and Uber have an asset-light model — they don't own the cars that run on their platforms. Instead, the cars are leased by the drivers, who repay the loans, spend on maintaining the cars, and then earn enough to fend ...