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Majority of the investors say that renting a house is a wiser decision when compared to buying one. Investing in stocks and other forms has higher returns compared to investing in real estate. Migration has relatively multiplied, to a yearly stream […]

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]]> Owning a house is emotion in India and few of the South Asian countries. Majority of the investors say that renting a house is a wiser decision when compared to buying one. Investing in stocks and other forms has higher returns compared to investing in real estate. Migration has relatively multiplied, to a yearly stream of nine million a year for 2011-16, from 5.5-6 million a year between 2001-11. In spite of the fact that the overview demonstrates the most noteworthy migration to Delhi, there were well more than 90 urban areas in India with yearly populace development rates of at least 3%. Against this, in 2012, the urban housing lack in India was evaluated to be just about 19 million homes, with most by far required for bringing down wage households.

Rental housing is a basic segment of the housing reaction in urbanizing nations. Over the salary spectrum, rental housing permits more prominent work versatility. For low-wage households that regularly work in the casual area, rental housing better suits their salary volatility and hazard profile. Home possession requires settled regularly scheduled instalments, for an illiquid asset that is liable to showcase chance and compels portability for the individuals who would least be able to bear to be jobless. It is access to housing, not a possession that is of essential significance.

This example plays out in urban communities as well

The statistics show that people have moved towards the same notion of investing in stocks and not in real estate, we can see that Changing The Way House Rental Space Functions - SimplyGuest Storymajority of working-class people and young entrepreneurs are spending their savings on digital currencies and commodities in recent times.

The stats might be there because of the high upfront investment in real estate when compared to stocks and currencies. But there has been a movement and the movement of living in a rented house.

Sigh, finding a house for rent in tier 1 cities in India is a tough ask! You can put your problems to rescue through SimplyGuest.

Simply Guest was founded by three people at the epitome of their career in 2015. Subbu Athikunte and Ambareesha started SimplyGuest with a vision to simplify the whole process of living in a rented house and were later joined by Mayank Pokharna. SimplyGuest doesn’t only get you a place to live but also covers monthly bills, repairs, and maintenance, etc. The list of service doesn’t end there as SimplyGuest also provides add-on services such as bicycles for workplace commute, meal delivery, and much more.

People might think that SimplyGuest is expensive when compared to competitors but any of the company does not provide the add-on services offered by SimplyGuest and if one round up the expenses of the add-on services on their own, they might end up spending more than the amount they would pay to SimplyGuest. It’s like on road price vs ex-showroom price.

The business model of SimplyGuest revolves around economies of scale along with quality home space and add-on service. They currently gross around two crore/annum and have serviced more than 600 clients.

Of the 140 beds in shared homes, 57% are occupied by women while men hold 43%. In November 2017, they started their own ladies hostel that currently has 27 beds. The occupancy rates for beds at SimplyGuest hover around 85%. At a current growth rate of 30%, they are expected to offer about 300-350 beds in shared flats and 150-200 beds in hostels within a time frame of 12 months.

The company is currently self-funded and has already rejected an offer of acquisition by one of the leading companies in India. They are also looking to raise investment, and in about five years, they see themselves managing 50k beds in shared flats and another 50k bed in hostels.

Conclusion –

We have talked about the history of retail housing, the current market, and future potential.  We have also mentioned about a startup called Simply Guest. We have talked about investment prospects, current scenario, and future market for the startup. Thanks for reading

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]]> https://edumovlive.com/changing-the-way-house-rental-space-functions-simplyguest-story/feed/ 0 TOP 10 Questions asked when Packers and Movers are Hired https://edumovlive.com/questions-while-hiring-packers-and-movers/ https://edumovlive.com/questions-while-hiring-packers-and-movers/#respond Fri, 30 Jun 2017 17:53:42 +0000 https://edumovlive.com/?p=12682 Here are the most frequently asked top 10 questions when packers and movers are hired. People are often in jobs which have transferred across the country and they are required to shift their whole family if they are the head of the family or they are the only earning person in the family or when […]

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]]> Here are the most frequently asked top 10 questions when packers and movers are hired. People are often in jobs which have transferred across the country and they are required to shift their whole family if they are the head of the family or they are the only earning person in the family or when they work for the government and are given quarters. Before a few years, the shifting procedure was not very well known and the locals would be approached for the help. But now this procedure has a business which has a lot of competition called packers and movers. Now the job of searching the right party to shift our belongings has become a difficult job.

Questions asked while hiring Packers and Movers:

There a lot of startups/ organizations which are new and people have a little knowledge of how the industry works. If it’s an interstate or even intercity house shifting in India everyone will be concerned about many things including the safety of goods, the cost of moving and other queries. Before hiring packers and movers you have to first make a list of all the queries you have and then approach the packers and movers which you have selected through the net or feedback was given. Hence when you have the questions set you can easily compare your requirements with the organization’s  policies.

packers and movers

  1. Is the Company Licensed?

The question in your mind that arises the moment you think of packers and movers is that if the company is licensed. This is because you are going to make a contract with them for your good to be shifted from one place to another and if there arises any obligation and there is a necessity of the company causing damage, then you can reach court only when the company is licensed otherwise it may stand void.

  1. Is there Subordination of Contract?

Many companies subordinate their contract to other small firms it might be for any one or more part of the procedure. When this is the case, you should again take precautions for small firms hence it should be enquired before you are hiring them. Even if it is the case of vehicles used if it is rented from other firms again you should check their documents and insurance as such.

  1. Company’S Permanent Address?

You should be having the permanent address of the company and should be kept on a watch so that there is no chance of that being an issue and when any issue arises you will have a place ready to reach out to.

  1. Written Documents?

You have every right to request for written documents in support of their promises and a contract which has all the necessary requirements of the procedure. A genuine company will gladly accept the suggestion. On the end of the day, proof matters and not words were spoken out.

  1. The Payment terms and the Breakdown and Miscellaneous Charges?

The total amount which is charged will have a list of numerous small bills which can be asked for and you have the right to get an insight so that there is no chance of any issue of u being robbed or any mistake to take place with or without their knowledge. The payment method and the time of payment should be specified if it is part or whole, etc…The extra charges which will be charged other than that in the contract should also be enquired about and should be in writing if such costs exist.

  1. Are you insured in case of any Damage/Calamity?

There are 2 types of protection offered by the organization it may be only during transport or during the whole procedure. The charges for it and later if something happens what is done by the organization to acquire damages should all be discussed in order to decrease the risk. This is a stand out among all questions.

  1. The Penalties if the Deadline is missed?

When your assets are at risk you should not take any chance in losing it. Hence if the deadline is missed or delayed you can discuss the penalty that can be charged against the organization so that a serious preposition is made and it has a condition as to which the organization will see to that there is no delay.

  1. Is there Storage Facility?

This scenario is not for all but only during cases where new homes due to some unusual reason and before the contract would seize to happen is still on hold and your assets have to be kept in another safe place, for this reason, you can enquire if the organization has warehouse facility or as such which can keep your assets safe for a short period till the new home is ready.

  1. Do you use the required Cartons, Wrappings and Packages?

This query is very important to be asked because it is directly linked to the safety of your assets. They should use qualitative packing methods and the assets should be carefully managed and separated with items handled with utmost care and other normal assets with should be handled with care but assets such as glass, crystal etc…comes with a special note.

  1. Do you have the required Materials for Loading?

There are many new technologies which help you with neat wrapping, shifting and loading. You should enquire this so that you can rely on them for the care-taking of your assets with ease. If not you should always keep an eye on everytime they take tape to wrap an asset.

Hope all these might help you reaching the best packers and movers in and around your surroundings and all your queries would have been listed above so that you can take the same list rather than making your own and save some of you time.

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]]> https://edumovlive.com/questions-while-hiring-packers-and-movers/feed/ 0 Lyft Acquired Indian Startup to Venture into the Country https://edumovlive.com/lyft-acquired-indian-startup-to-venture-into-the-country/ https://edumovlive.com/lyft-acquired-indian-startup-to-venture-into-the-country/#respond Thu, 06 Apr 2017 19:25:40 +0000 https://edumovlive.com/?p=12377 Lyft is the second largest online ride-hailing Transportation Company in the United States that has its operation in more than 300 cities and has expanded its service in hundred more cities in the US within March. By including the recent service operation it is found that the company has covered 67 percent of the cities […]

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]]> Lyft is the second largest online ride-hailing Transportation Company in the United States that has its operation in more than 300 cities and has expanded its service in hundred more cities in the US within March. By including the recent service operation it is found that the company has covered 67 percent of the cities in the country.

The ridesharing company is making use of all the possible opportunities in its industry to compete against its rival. As a part of its plan, the company has acquired an Indian startup to build a large infrastructure.

Alliance pack against the giant

The ride hauling company has earlier signed a global partnership with many Asian ride-sharing companies like Didi Kuaidi, Ola and GrabTaxi. With the joint venture the companies are trying to provide service in most of the countries in India, Southeast Asia, China and the US and by service, the companies can reach out to almost fifty percent of the population in the world.

With the Partnership, the companies are trying to leverage and collaborate their business resource, local market research and technology in such a way that they can help the international travellers to use the same application interface while they travel to another part of the world. By the partnership, the travellers all over India, Southeast Asia, China and the US can travel across the countries while the companies use their technology system to secure the application interface, routeing, mapping and payment process.

The companies formed the partnership in 2015, and they have raised seven billion dollars collectively so that the Lyft riders can travel in and around Asia with reliability, unparalleled ease and convenience. The Chinese ridesharing company is the leader in the main stream and has joined the alliance to focus on the big data tools that help the products to develop in the market by enhancing and innovating the user experience. Also, the partnership will help the travellers from China to be at ease when they travel abroad and simultaneously improve their own services and develop the technology in the global market.

Vast Indian market

India has the largest population in the world, similar to that of China. So the user base is large and it attracts many manufacturers and other companies to launch their service in the country. The leading ridesharing giant in the United States has launched its service in the country and it is trying to attract more customers to its side. And, Ola is the local ridesharing giant of the country that is competing against the Uber service.

Uber and Ola provide similar service to the riders with the slight change in the price and other features. Also, Ola has launched the auto service in its ridesharing option because the auto rickshaws are the most commonly used transportation system by the people of all strata.

Lyft acquired an Indian company so that the company can compete with its rival- Uber in the global market. The US-based company acquired FinitePaths, a Pune-based company, and it is a creator of the Quora like platform called the Trail Answers that offers answers to the questions asked by the user using the contextual, local and social signals. After the acquisition of the company, the founders of the FinitePaths Balaji Raghavan and Vinay Kakade will join the ridesharing company’s team and help them in building a large infrastructure and operation services.

Before starting the FinitePaths, the founders have worked in several organizations and have the knowledge in building search engines and large scale infrastructure. Balaji has worked in Google as an Engineering Director and left the tech company in 2015, while Vinay worked in Amazon and help in co-creating the Yahoo Research and CloudSearch platform.

The ride-hailing company’s Vice President said that the company is excited to work with an Indian startup and the professional experience of the founders of the company will help the ridesharing company to face the marketing challenges in the present and in future.

Acquisition stopped the service

Lyft acquired FinitePaths, but they have not disclosed the exact deal of the acquisition. However, the team and the founders of the company will move to Lyft’s operation. The company has already stopped accepting the registration of the new users in its Trial Answer application.

The founders of the startup company have posted about the acquisition and they have said that they are ready to face the challenges that come across in the building the infrastructure and services business. Within few days the company will stop its service and the existing customers will not be able to access their account in the Trial Answers app.

The ridesharing company is currently working on expanding its operation in the United States, where they already operate in three hundred cities and have started operating in hundred more cities in the country. The company has 37 million active users using their ridesharing service. In the beginning of the year, the company announced that it will expand its service in 100 cities by the end of the year, and in that process, the company launched its ridesharing service in 40 cities in January that increased to 56 by February and included 35 cities by the end of March.  So, the company had its milestone by launching its operation altogether in 131 cities within three months, and the total is almost thirty one percent more than the estimated count.

Other ridesharing companies in the Indian market

Apart from Uber and Lyft, there is many other ridesharing companies across the globe have ventured into the Indian market. The Indonesian bike and taxi service company Go Jek has acquired Codelgnition, C42 Technologies and Pianta- three of the Indian startups, to shore the team for their development center that the company has established in India. The main management system of the ridesharing company comes from the local service provider in the country- Ola.

Similarly, Grab Taxi the South-east Asian company announced its plan to set up a research institute in one of the major cities in the country in Bangalore. The company announced that they have planned to hire two hundred employees for their research institute that will focus on the payment technology industry. The company has hired Raghuram Trikutam to lead the engineering department in its center in India. Trikutam was the former Vice President of Engineering in Freecharge, a digital payment platform.

Lyft is the second largest ridesharing company that was founded in 2012 by John Zimmer and Logan Green. The main purpose of the ridesharing company is to reconnect the public and the communities together via a better transportation medium. Within four years of its launch, the ridesharing company has grown in about sixty percent of the palaces in the country. The service is preferred by both the drivers and the riders and is the best and friendly service that provides a positive vibration to the future of the ridesharing industry.

The company has partnered with the General Motors to build the self-driving cars that is the future of the ridesharing industry and is targeting to launch the service by the end of 2020. Soon the company’s operation will be seen in the Indian market.

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