Kunal Kumar - IIT Kharagpur
Kunal Kumar - IIT Kharagpur
Kunal Kumar - IIT Kharagpur
[Kunal Kumar]
[kunal.kumar896@gmail.com]
[9932599081]
v.nnd.2015.06
CONFIDENTIAL
PRODUCT: PEER-TO-PEER RIDE HAILING APPS
Market Share Distribution Industry Overview
1%
OLA
MERU
41% UBER
OTHERS
56%
4 mn $10 bn 125 15.5 %
Daily Rides Market Size Cities covered Revenue CAGR
2% (as of 2019) (as of 2019) (as of 2019) (2018-19)
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CONFIDENTIAL
PROBLEM IDENTIFICATION IN TOURIST/VISITOR SEGMENT
Customer Roadmap in a Travel Booking Process Identified Problem Area
Customer Objective : To visit multiple spots in a city time-efficiently and economically User has to constantly switch between
multiple apps while preparing the itinerary
Preliminary Action: Prepares a list of attractions to
visit and activities to do in the city
Manual prioritization of routes & transport
based on time and money is challenging
As a result, people switch to expensive
Finds out the modes of travel from Checks trip fare and trip time for each guided tours or Ola/Uber rentals which
the current location to the destination mode of travel (such as public transport, offer very limited flexibility
spot using apps like google maps Ola/Uber/ Meru, biking, walking)
1 2
Vicious Cycle of
Switching between
multiple Apps
v.nnd.2015.06
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SOLUTION 1: TOURIST FEATURE IN THE RIDE HAILING APP
Running Example (OLA app)
Scenario User switches to
A transit visitor arrives at Howrah Tourist Feature
Railway Station in the morning and
he/she has a waiting time of 8
hours before the next train leaves.
Chooses from
Objective nearby activities
To make a day-trip to Kolkata
and attractions
Solution
Opens the Ola mobile application
to plan a visit to popular attractions Travel Itinerary is
in the city and do some activities. generated
Technology
Selects preferred
modes of travel for
+ + each route using
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SOLUTION 2: DEDICATED CABS WITH GUIDES
User switches to Product Design Framework
Tour Feature
Travel Itinerary is
generated
See itinerary Selects the type of Merger & Acquisition Greenfield Venture
vehicle or Bus (for • Purchasing new fleet of cabs
₹ 2500 ₹ 1200 group tour) • Hiring and training guides
Group Tour
v.nnd.2015.06
CONFIDENTIAL
COMPARING SOLUTIONS USING SWOT ANALYSIS
Solution 1 Solution 2
Selected Solution
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KEY PERFORMANCE INDICATORS FOR MEASURING SUCCESS
KPIs for DIRECT MEASUREMENT KPIs for INDIRECT MEASUREMENT
% Increase in Average No. of Bookings per Customer per Day % Increase in Total Footfall at Tourist Spots in the city
This metric indicates that the ride-hailing app is used by people such as visitors/ after feature implementation
travelers/ tourists who visit multiple places in a day and hence require more no of
This index will act as a clear evidence to the fact that more and more
trips
people who earlier waited at stations during transits are now using the
tourist feature of the app to visit different places in the city
% Increase in No. of Cab Bookings at Public places &Tourist spots
Monitoring the no of bookings received from railway stations, airports, tourist
sites can indicate an increase in the no of general/ transit tourists using the app
POTENTIAL IMPACT
Total no of tourists arriving in a 6
metropolitan city annually mn Potential market size of Ola after
16 capturing the tourist market
User Price
Interface Changes Market Share
The customizability in Non-completion of Pre-Booking The initial price of Easy replicability of the
itinerary comes with a requests might lead to poor commute on the route feature can make the ride-
drawback of moderate- customer reviews and eventual might fluctuate, if pre- hailing market very
extensive user input revenue losses booking is not done competitive
v.nnd.2015.06
CONFIDENTIAL