Download - Crowdsourcing in Developing Economies
Crowdsourcing in Developing Economies
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Why developing economies?
Bad infrastructure
High inequality of income
Inefficient economies
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Location arbitrage
• Geographical boundaries are no longer a hindrance to collaborate on ideas
• There is a lot of difference between the living costs across borders
In T
hous
ands
0
300
600
900
1200
US India Philippines Pakistan UK Canada Bangladesh
* Elance reportCountry wise freelancers
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Time arbitrage
True market driven pricing
Jugnoo enables its drivers to take advantage of differential pricing and also better manage their idle time
Demand-supply gaps determine real time pricing
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Ambient computation
• Technology is the key enabler
• Context aware devices have made virtual aggregation possible
In current scenario, 2 billion users belong to developing nations which seemed impossible in 2000
* Source : ITU
Global internet penetration : 2000 - 2015
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Environmental effects
• Transition from produce more, consume more to produce less, consume more
• Measure of development becomes consumption not production
The Zipcar impact
Zipcar
Every Zipcar takes the place of about 15
personally owned cars
Reduction of 35% to 65% in CO2
emissions
* As per environmental study done in 2014
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Increased personal freedom
• Increased real-time choice of work
• Maximize earning potential
Drive Passengers
Do Deliveries
Code
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Avg. working hours = 12 hrs Present average rides = 6
Free time = 7.5 hours
Better economic efficiency
Effective ride time = 35 mins
Avg. ride time = 20 mins Avg. pick-up time = 5 mins
Idle time = 10 mins
Extra rides to tap = 14.5
Potential value per day = $72M/day
Avg Fare = $ 1 Driver Opportunity Cost = $ 14.5/day
Total autos in India = 5M
Additional potential value Jugnoo can create $26 billion per year
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Challenges that come with it
Crowdsourcing platforms can become monopolies, which is indirectly being encouraged by regulations
• Government can level the ground and there can be healthy competition by making the guidelines around these platforms open and flexible
• Strong background verification before making the platform open
How to tackle it?
Increased Concentration of Wealth
Privacy and security threats• Threat to Intellectual property • Confidentiality risk
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What is Jugnoo?
An auto-rickshaw aggregator providing on-demand A2B transportation
Jugnoo means firefly in Hindi, the logo symbolizes a firefly from front, the wings are the constant branding element across verticals
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Traction
NOTE: Data taken till 19th October, 2015
Since launching Jugnoo, we have seen exciting growth and user engagement across cities.
800kUsers
10kDaily Transactions
800kTotal Transactions
$10kDaily GMV
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Jugnoo Launch Dates: Chandigarh : 1st Nov, 2014 Ludhiana : 15th Jan, 2015 Amritsar : 15th Mar, 2015 Jaipur : 25th May, 2015 Gurgaon : 1st June, 2015 Indore : 1st July, 2015 Delhi : 5th Aug, 2015 Ahmedabad : 9th Sept, 2015 Pune : 13th Sept, 2015 Nasik : 22nd Sept, 2015 Jodhpur : 23rd Sept, 2015 Surat : 24th Sept, 2015 Vadodara : 24th Sept, 2015 Nagpur : 29th Sept, 2015 Noida : 29th Sept, 2015 Hyderabad : 3rd Oct, 2015 Bhuvneshwar : 4th Oct, 2015 Guwahati : 5th Oct, 2015 Mysore : 7th Oct, 2015 Udaipur : 15th Oct Kota : 18th Oct
Chandigarh
AmritsarLudhiana
Gurgaon
DelhiNoida
Guwahati
Bhuvneshwar
HyderabadMysore
JaipurJodhpur
Ahmedabad
SuratVadodara
Indore
NagpurNasikPune
Udaipur Kota
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Thanks
Samar Singla Founder and CEO
[email protected] +1-415-658-5227 +91-8054972627