There has been a recent surge in the growth of cab services in India.

It is one of the growing areas of

investment in India where there is constant struggle among the common people regarding inconsistent
fares, finding a transport, safety, etc. Online cab firms have found a big opportunity in this by
providing an App which can be easily configured on smartphone along with the customer’s details.
The customer just has to enter his pick-up and drop locations. Fare is known to him prior to even
booking along with the details of the driver.

With Inventory management and tracking, tracking of all inventory becomes easier and so does pre-
booking. The company on basis of the same, can plan for festive offers / plan for busy or peak hours.
The company can also save details of their most regular clients and offer them special offers through
loyalty management

A call for a feedback can only work in a favour of your service. Sage CRM can help you record
and maintain these feedback which can be helpful to analyse and rectify the flaw in your service.
Feedback many times also helps the company to introduce a new value addition to their services and
increase the customer base. Positive or negative, all data needs to be recorded as analysis in the year
end becomes easier and relevant.

 People like to follow things they like on social media, a presence in social media can tell more about
your service like features, offers, updates etc. as well as help in marketing. With the help from Social
CRM from Sage CRM, you can know what the consumers are talking about the brand and record
them all for further analysis or marketing purpose.

To identify what region is giving good revenue or what region needs to be monitored. There may be
some Tier II or Tier III cities which may be still not ready for adopting to this new method, hence,
pulling out of them is far wiser choice than investing more in them.

Competition is there in all well-explored industries and it should be. But when it becomes the
reason for profit fall, you need to treat it like a challenge and start figuring out ways to
overcome it before it gets worse.

Lack of professional drivers

One of the reasons why people no longer feel safe while being in the cab is the poorly
executed authorization process of the drivers. Even ridesharing companies want to avoid
amateur drivers on-board, but they are helpless against the way the gig economy works.
You can even track their rating and if it falls below a certain limit, you can straightaway
delete their profile with just a single click.

Funding – How top brands gets funding for their taxi booking
business
If you are jumping into the ridesharing market with the Uber-like app, you must be thinking to
bag a huge amount of funds from some top-notch investors. But this is not going to happen
so easily as ridesharing is the already explored business and the scope for the innovation
now remains very limited. 

Taxi Booking App development cost

Taxi app development is the first step to start the online taxi booking business. Without the
app, there his no other way to start such an online business. But luckily, a lot of taxi app
development companies are claiming their expertise to develop a taxi app. And unluckily, the
cost of developing a taxi app is not at all pocket-friendly for a startup.

In the nutshell
 
All challenges that have been disussed are real and you are going to face it as soon
as you jump into Uber-like business. However, there are ways to decode these
challenges. By adopting the technologies and hiring a genius taxi app development
company, you can easily overcome these challenges and keep moving towards your
dream.

Intro to FM
Financial markets
TVM
Primary ad secondary market
Long term sources of finance
Equity capital, preference shares, debentures, term loan