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🚗💨 Shifting Gears: Turo and Uber Join Forces in Game-Changing Partnership In a move that's revving up the mobility sector, Turo, a standout in our investment portfolio, has unveiled a groundbreaking multi-year partnership with Uber. Key Highlights: • Uber customers in the US, Canada, France, the UK, and Australia can rent Turo vehicles directly through the Uber app 🌎 • Partnership launches in early 2025 🗓️ • Over 1,600 makes and models available 🚙🏎️ • Tapping into a $150B+ total addressable market 💰 🌟 Why This Matters: 1. Expands Turo's reach to millions of Uber users 2. Boosts opportunities for Turo hosts 3. Promotes shared mobility and better utilization of existing vehicles "Our partnership with Uber unlocks a huge opportunity to utilize the Uber Rent platform to turbocharge growth and further cement our position as the world's largest peer-to-peer car-sharing platform," - Andro Vrdoljak, Turo VP of Business Development This collaboration between Turo and Uber exemplifies the kind of innovative thinking we champion at Manhattan Venture Partners. It's a testament to Turo's agility in the evolving mobility landscape and underscores the potential we saw in their business model from the start. As this partnership unfolds, we anticipate it will drive significant value for both companies and reshape the future of transportation. 🔗: https://lnkd.in/evZmSuUU #Turo #Uber #SharingEconomy #MobilityInnovation #VentureCapital #MVPAllStarFund #TechInnovation #preipo #siliconvalley #unicorn #MVPALLSTARFUND #mvpvc #mvp #therealmvpvc #venturebytes #allstar #ipo #research #technology #tommorowsipostoday #SecondaryAsAService #saas #SecondariesAsAService

This is what happens when you're so obsessed with your competition that you start launching products without proper R&D, simply to stay in the market. They released a product without setting up service centers and are now struggling with the wave of complaints they're receiving. They also launched their IPO during a bull market, trapping many investors at inflated prices. This is the result of investing without understanding the company's fundamentals. The owner of this company has a history of jumping from one startup to another in no time. Hopefully, this time he'll stick with Ola Electric and focus on building quality products, rather than cheap imitations of other electric scooters. #olaelectric #ola #evrevolution #marketing

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I recently explored the Open Network For Digital Commerce (ONDC) and its potential to transform ride-hailing services. As a newcomer to ONDC Official, I was curious about how this concept could change urban commuting. At Passdn, understanding ONDC seemed complex, but with dedicated research and hands-on work. I discovered its potential to create a fair and open market for ride-hailing.  ONDC allows riders, drivers, and fleet operators to work together seamlessly, fostering competition and giving commuters more choices. I implemented various ONDC APIs for ride booking, driver assignment, and real-time tracking.  This challenging yet rewarding process helped me see how ONDC standards can build smooth integrations. One major benefit of ONDC is its ability to empower individual drivers and small fleet operators.  By giving them a platform to reach a wider audience, ONDC can democratize urban mobility and support local businesses. I am excited about the future of ride-hailing with ONDC.  As more people join this network, it will continue to grow, encouraging innovation, increasing competition, and offering commuters better options,  shorter wait times, and competitive pricing. I urge developers, entrepreneurs, and transportation enthusiasts to explore ONDC in ride-hailing and embrace its transformative potential.  Together, we can shape the future of urban mobility, making it more efficient, sustainable, and inclusive. redBus|Paytm|Beckn Protocol|Yaary|Namma Yatri|eSamudaay|Pincode|magicpin|Umesh Vadhiya|Keval Sondarva| #ONDC #RideHailing #UrbanMobility #Innovation #TechEntrepreneur #TransportationTech Paytm

What's New to TheStreet... 📈 Uber Technologies Hits Profitability! 📈 Uber’s shares surged on Tuesday after the company announced it had returned to profitability, driven by strong growth in its ride-share and food-delivery businesses last quarter. 🚗🍔 What do you think is next for Uber? Share your thoughts below!💬⬇️ 👉🏻Follow New To The Street for more! #uber #profitability #business #growth #businessupdate #innovation #businessnews #business #news #newtothestreet

Do you Know, 🚗 Rapido Launches SaaS Model for Auto Services: 💡 Rapido, a leading ride-hailing platform, has introduced a Software-as-a-Service (SaaS) model for auto services, transitioning from a commission-led aggregator model to a zero-commission model for auto captains. 💸 Auto captains will now pay a nominal access fee, rather than a commission per ride, empowering them to maximize their earnings and take home a fair share of their hard work. 📈 This move fosters an inclusive platform benefiting both captains and customers, as captains enjoy competitive fares and customers receive transparent pricing. 💸 Captains will pay a daily login fee ranging from ₹5 to ₹29, allowing them to do as many rides as they want via the app and retain 100% of their earnings. 💡 Pavan Guntupalli, co-founder of Rapido, said, "This model will initially hamper our profitability, but the goal is to have an impact-first approach that will help establish a sustainable business model." 💸 Rapido has seen tremendous success in every city where Rapido Autos is operational, enabling auto captains to earn over ₹27,000 crores since inception. 💡 This innovative approach by Rapido is a groundbreaking step in the industry, bringing a more enabling revenue model for auto captains and enhancing customer satisfaction. #saasproduct #saasmodel #ridehailing #rapido #startupgrowth #startup

How will Uber's new strategy reshape the competitive landscape of ride-hailing? 🚗 The ride-hailing industry, projected to soar to $202.20bn by 2027, is witnessing a fascinating evolution: ⏩ inDrive's Disruptive Model: inDrive has carved a niche with its unique proposition—enabling users to negotiate fares directly with drivers. Its success is evident, ranking as the second most downloaded ride-hailing app globally for two consecutive years, distinguishing it in a saturated market. 🔀 Uber's Strategic Pivot: Uber is stepping into similar territory with Uber Flex, experimenting with flexible pricing in over a dozen Indian cities. Uber Flex allows riders to choose from pre-set fare options, addressing driver concerns about extremely low bids—a challenge inDrive faces. This scenario leads us to question - whether innovation is sufficient to stand out in a competitive market. As Uber delves into flexible pricing, closely mirroring inDrive's strategy, it becomes crucial to observe how execution will dictate their success. Will Uber enhance and perfect the model pioneered by inDrive, or face distinct challenges? Regardless, it's exhilarating to witness this phase of innovation and adaptation. #productmanagement #strategy #startup #technology Image Credits: Jagmeet Singh / TechCrunch

Uber is mastering ecosystems with precision. They're focused. They don't chase quantity. Instead, they’re winning with smart, strategic execution that grows and maximizes the power of their ecosystem. Two key strategies of Uber that offer valuable lessons: 1. Build a Platform Business: Connect users (buyers, sellers, service providers) without owning the assets. 2. Join or Create an Ecosystem: Growing and scaling beyond a single product by forming a network of companies collaborating through data, services, and shared value (facilitated through the platform). Uber Car Rental as an Example: ✅ Expanded Services: Uber expanded their product offering and ecosystem through partnership with Avis and Hertz, letting users rent cars directly from the app, whether you're driving for Uber or just need it for personal use. ✅ Integrated Rentals into the Platform: Renting directly from the Uber app (without having to leave the platform), offering convenience and incentives. ✅ Maintained Asset-Light Model: Uber can leverage excess supply of cars already in circulation without creating new demand. ✅ Benefited All Stakeholders: The ecosystem partnership wasn’t just beneficial for Uber—it created value for rental companies, drivers, and riders, aligning with their mission of enabling people “to go anywhere, get anything, and earn their way.” ✅ Reinforced Core Values: By embedding these services into their platform, Uber delivered on its mission and values with every interaction, ensuring that both convenience and opportunity were central to their offerings. 💡 Key Takeaway: Successful companies build platforms that facilitate through ecosystems, connecting people and products to meet shared customer goals, benefiting everyone involved. #platforms #ecosystems #growth #innovation #tech

What's New to TheStreet... 📈 Uber Technologies Hits Profitability! 📈 Uber’s shares surged on Tuesday after the company announced it had returned to profitability, driven by strong growth in its ride-share and food-delivery businesses last quarter. 🚗🍔 What do you think is next for Uber? Share your thoughts below!💬⬇️ 👉🏻Follow New To The Street for more! #uber #profitability #business #growth #businessupdate #innovation #businessnews #business #news #newtothestreet

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