Speculators had foreseen Uber’s decline due to COVID-19, and the organisation had invested energy recently guaranteeing the contributing open that it had enough money to get past 2020 regardless. 

In the subsequent quarter, Uber saw net appointments of $10.2 billion, off 35% contrasted with the year-back period. 

This brought about the income of $2.24 billion, down 29% from a year-prior aftereffect of $3.17 billion. Uber’s total deficit was $1.78 billion in the second quarter of 2020, down from a year-prior overall deficit of $5.24 billion. 

The organisation opened up to the world a year ago, bringing about different one-time, non-money costs. 

The organisation’s overall deficit worked out to lost $1.02 per share, in front of an expert expected $0.86 per-share shortfall. 

Uber missed on benefit in the quarter, yet surpassed road desires on the top line, posting more income than the $2.18 billion figure financial specialists anticipated. 

Portions of Uber are off somewhat more than 4% in nightfall exchanging, following its income report. 

A Q1 Retrospective

Uber announced a Q1 per-share loss of $1.70 on incomes of $3.54 billion. 

The organisation lost $2.94 billion in the first quarter considering all consequences. 

As noted over, Uber’s per-share misfortune in the subsequent quarter tumbled to $1.02, while its income slipped to $2.24 billion; Uber’s top-line accordingly plunged 36.7% contrasted with the first quarter. 

Burrowing further, Uber created $737 million in ride-hailing trips in the subsequent quarter, contrasted with $1.66 billion in the initial three-month time of this current year. 

Net appointments were likewise down over 35% from $15.78 billion in the first quarter contrasted with the second. 

There was some rosier news covered in this snowstorm of numbers. 

Uber’s Freight and Eats (which is presently called Delivery) organisations lost cash, although those misfortunes limited from Q1 to Q2. 

Uber announced that balanced EBITDA on its “delivery” fragment limited to a $232 million misfortune in the subsequent quarter contrasted with a bigger $313 million setback in the first time of the year. 

Uber Freight’s balanced EBITDA was a $49 million misfortune in Q2, littler than the $64 million delays detailed in Q1. 

A Changing Business 

Uber’s quarter was a time of progress. Contrasted with the year-back quarter, the organisation’s Delivery business (some time ago its Uber Eats fragment) saw its stable net income take off 162% compared with the year-prior quarter. 

Simultaneously, its more significant Mobility portion (already its Rides business) saw its balanced net income fall 66% contrasted with Q2 2019. 

Uber’s ride-hailing business fell forcefully as people remained at home, while those equivalent people requested parcels more food. 

The appointments blend move to food conveyance helped Uber ardent ride-hailing misfortunes, however not totally. 

Ride-hailing, when a key driver of gainfulness at the organisation, just produced $50 million in balanced EBITDA in Q2, a vigorously revised benefit metric. 

That figure was off by $465 million contrasted with the year-back period, and of $531 million compared with Q1 2020. 

“Our versatility recuperation is reliant on the general wellbeing circumstance in some random region,” CEO Dara Khosrowshahi said during the Q2 profit call. 

“Asia and India are in the recuperation. We’ve seen net appointments in Hong Kong and New Zealand on occasion surpass pre-COVID highs and European patterns have likewise been empowering.” 

In the meantime, the U.S. recuperation is slacking. 

The organisation’s worldwide geographic impression stays a colossal favourable position, Khosrowshahi noted. He included that once urban communities do a resume, trips ricochet back pointedly. 

While ride-hailing lost ground, the rising income impression of Uber’s Delivery business posted slimmer misfortunes than in the year-prior and consecutively going before quarter. 

With a balanced EBITDA loss of $232 million in Q2 2020, the organisation shaved off more than $50 million in misfortunes contrasted with its year-back steady EBITDA loss of $286 million; in Q1 2020, Delivery posted balanced blows of $313 million. 

Typically those decreases are to a great extent outside of Uber’s control; however, they do show the sharp effect that the worldwide pandemic and resulting covering of diverse economies had on the 2019 IPO. 

Uber shut the period with (money, money reciprocals and transient speculations) of $7.8 billion. That figure was $9.0 billion toward the finish of its first quarter.

The Final Word

Uber is a leading On-Demand application, with millions of users every year. Developing an app like uber requires a lot of market research and knowledge about consumer needs and at the time, requires creative and critical thinking.

Our team takes into consideration all kinds of factors while developing an uber app for you. Contact us to know more.

The post Reason behind Uber’s 4% shares drop appeared first on Coruscate Solutions.

In 2017, the U.S. trucking industry generated total revenue of $700Bn. A good 84% of the freight is moved around by the trucks.

If reports are to believed, then the trucking industry takes up almost 39Bn gallons of diesel fuel to transport the freight. Trucking is an important and valuable asset for the logistics industry, and it is the one that runs the U.S. logistics.

With the eCommerce industry and top players in retail offering same-day deliveries and improving the efficiency of their supply chain, it has become all the more important for the trucking industry to survive amidst competition by differentiating its offering.

Flock Freight offers a full truckload service. It has been offering its service in the stealth mode for a while now and has finally come out offering a better and efficient supply chain and improving the distribution. In fact, it supports the hub and spoke model and offers better services to the shippers.

Recently, the company raised $50Mn in funding. With this funding, the company aims to improve the way the smaller load is moved around. With this funding, they can get smaller orders delivered efficiently. The idea was to carpool with the small and mid-sized trucking companies and connect these companies with the shippers.

The idea is to collect the freight from different shippers, use the trucking service and optimize the delivery route for a good amount of fuel and cost-saving. The shippers are charged for the space they use, and this works for the company.

Some details about Flock Freight

• The company was formed with the single vision of eliminating waste and increasing efficiency within the freight industry
• They have reinvented trucking by using a single full-load truck and optimizing the delivery route accordingly, instead of taking smaller trucks in more quantity
• The company uses freight logistics technology that is different and customized
• There are 10k+ active carrier network and over 1000+ shippers
• They offer a single marketplace for the shippers and carriers by guaranteeing delivery and the whole app is pretty effective and easy to use. 

If you are planning to develop an efficient app that can resolve all the troubles you are facing in the trucking industry, then you need to plan the app well.

Here, we will take you through the solutions and features that you need to consider.

Reasons for a Trucking App

• The first reason to think of developing an Uber for freight app would be to offer a complete end-to-end solution for all the transportation management activities. This will enhance the whole experience for the trucking industry. It will cut down the spending on logistics and make it more manageable and efficient. The process will be simplified and the entire paperwork, as well as costs, will be reduced. With the app, you can manage the inventory and ensure tracking in real-time. You can easily know the trucker who will be on duty and manage their entry and exit through biometrics connected to the app. Last-mile deliveries, optimizing route and even managing logistics during emergency situations can be handled through the app
• The Freight app can help with last-mile deliveries for a number of industries, which in turn can help with the expansion of the business. it will not just help you improve your core, but also enhance the way you work and the kind of efficiency you offer. From managing the bookings to handling the dispatches, the Uber app will be responsible for almost all the work related to logistics and trucking
• You will be able to help and support your customers through the app directly. In case they want to share their feedback, they can do so with the app. The app will also allow them to share their concerns, ask their queries and seek immediate support from the business support team.

Features to Introduce in your Freight App

• The Login Screen: The user should be able to login or register with ease, and minimal learning curve. The login screen should be there for both the driver and the shipper app. You can use the social media accounts to allow easy and fast registrations. The account will give out complete details of the user and make the registration smooth for them
• Bookings: Scheduling a freight or booking the shipping should be easy. It should be akin to booking the cab. You should book the carrier for a particular date and time. In case your choice of carrier is unavailable, you can either make the booking for another date or choose another carrier
• The vehicles: The shippers should be able to choose the vehicle. This will be dependent on the type of commodity, the weight and the size of the cargo. Once you enter the details, the app should show the types of vehicles you can choose from
• Tracking the Fleet: The shipper should be able to track the vehicle driving their shipment with ease. It should be available in real-time. this tracking will enable the shippers to know when the cargo is likely to be delivered. 
• In-app Payments: This feature will enable the shippers to pay for the logistics in real-time and will offer them the facility of going cashless. You will need to choose a safe and secure payment gateway that will help in managing the payments
• Ratings and Reviews: It is important that both the shippers and the carriers be able to view the ratings and review. It is an important factor in making the choice

In the case of carriers, there are a few features that will enhance the experience

• Request Approval: The carrier should be allowed to accept or reject the request for the shipment. 
• Sorting: The carrier should be able to sort the different shipment based on their schedule, pickup location and cargo type
• Route Optimization: If the deliveries are along the same route, the carrier should be able to optimize the route to save the fuel and manage all the deliveries on the same day

Apart from these must-have features, the app should also have features that can help align the shipment schedules and make sure the shipment is not mixed up. 

Summing Up

Coruscate understands how deep the trucking industry is, and has a clear idea of how to go about the solution without compromising on the requirements, the ideal solution or the quality. We have experience of delivering on-demand freight app development San Diego solutions, after thoroughly validating the solution and identifying the solution to the problem we aim to clear.

We have a defined process that makes development easy and effective. Our team is passionate about serving solutions that are clearly designed with intuitive interfaces and usable approaches. We aim to deliver experiential solutions.

The post Important Lessons to Consider When Developing an On-demand Uber for Freight App from US based Freight Company which Raises $50Mn in Funding appeared first on Coruscate Solutions.

However, a few on-demand taxi and food delivery services have shattered illusion about incorrect and incomplete on-demand services. With the help of unique customer-friendly services, profitable business model and customer acquisition techniques, they have shaped the on-demand economy. Inspired by their overnight success, many new entrepreneurs have come up with different ideas to amplify the reach of the on-demand economy. One such idea which is to start on-demand laundry service has helped owners of FlyCleaners to earn well. However, they recently laid off the majority of their employees as (according to the founder of FlyCleaners), cost of the internal team was too large to bear and it wasn’t letting them sustain the growth of the business.

In this blog, you will get to know,

• On-demand economy
• About FlyCleaners and why FlyCleaners failed?
• Things to avoid to kick off a successful on-demand laundry startup or any on-demand business.
• How much does it cost to develop the on-demand app?

On-demand economy

In the last few years, several companies have shown the huge impact on on-demand business. Uber which was started its operation in 2011, had total assets worth $24 billion in 2018. Another on-demand accommodation provider company Airbnb which hits the valuation of $35 billion. These companies have already surpassed other top incumbents.

Talking about a few more facts about the on-demand economy, more 280 companies offer on-demand services in 16 different industries as the demand for on-demand services has expanded to every industry.

Though its impressive market share, according to BIA/Kelsey, current on-demand economy serves only 7% of its potential market, that means, there is still a lot of room available for new entrepreneurs to start an on-demand business.

But exploiting that potential business can only be possible with proper risk management, IT infrastructure and customer service.

Apart from this, the top 5 on-demand startups have seized more than 75% of the funding.

Insight into an on-demand laundry service provider, FlyCleaners and why it failed?

FlyCleaners is the USA-based on-demand laundry service providing company. It was founded by David Salama and Seth Berkowitz in 2013 with the ambition to take away people’s least favorite chore which is laundry. In their one only funding round, they have raised $2 million. That series A funding round of the FlyCleaners was lead by Zelkova ventures in 2013.

How does FlyCleaners function?

Like all other on-demand companies, FlyCleaners satisfies its major business operation with an on-demand mobile app. It allows the user to request a pick-up team of the FlyCleaners to pick up the clothes. Then, the pick-up team of the FlyCleaners delivers the clothes of the user to their laundry partners. Business partners of FlyCleaners handle the cleaning of clothes. They can even update the status of cleaning in their app. Once the cleaning is completed, users can again request a team of FlyCleaners to deliver the washed clothes to their doorstep.

Here it is worth to mention that FlyCleaners isn’t deriving benefits from the last-mile logistics industry as when FlyCleaneres was started, the gig industry or last-mile logistics industry wasn’t capable to offer effective services to their customers.

But why FlyCleaners failed?

According to Max Loosen, who is the co-founder and CEO of Singapore-based on-demand platform for cleaning and household services, proper ways to use the model of on-demand service such as quality assurance, automatic key processes, are still being figured out in many industries. Though Uber and Airbnb have been successful, many other on-demand services are new concepts for users. Service of FlyCleaners is not at all similar to services of a few successful on-demand service providers. Thus, the prime goal of FlyCleaners should make people believe that on-demand laundry service is an excellent service. But they failed to convey how their service can possibly help users to get rid of one annoying task and became the victim of a thin market problem.

Disordered logistics, poor IT infrastructure, small margins, and destitute customer service also cause FlyCleaners to be asset-light organization by laying off the employees.

Business journey of FlyCleaners which has turned into arid plains from the rainforest is learning for entrepreneurs who want to start on-demand laundry or any other on-demand business. In the next section of the blog, we will study the challenges of the on-demand laundry business and how much does it cost to develop an on-demand app?

Which are the top on-demand laundry business challenges you should need to know before going for on-demand app development?

The on-demand industry is the bubble and it can be burst with a small mistake. So, don’t be bubble buster and prepare yourself to lock horns with possible business challenges of the on-demand laundry business or any on-demand business.

Settling in the local market

As we have discussed, many on-demand services may sound like jazzy which don’t make customers believe in the actual presence of such services in the market. Thus, you have to burn the candles from both sides to acquire the users by presenting the possible solutions of your on-demand laundry services in the all possible way. This initial customer acquisition process can last longer. Moreover, you also need to make sure, you keep the CAC (Cost to acquire a customer) as minimum as possible while customer acquisition process.

So, do you have ways to keep the CAC as minimum as possible?

Legal Norms

While moving in the on-demand industry where all laws have been overlooked, hold your horses and study the rules and regulations of your desired operational areas. Many on-demand service providers like Uber have already been involved in legal battles over their workplace training, income instability, and privacy. You also need to be prepared to perform a daring maneuver if all of sudden a government imposes a new law while your on-demand app is already in the service.

So, have you studied the legal norms to keep away from the legal troubles?

Growth

As an on-demand startup, you, off course, follow city-by-city roll-out model that makes your services local. But deploying online marketing campaign to acquire the initial customers in a local market means many growth channels don’t work as an SEO campaign needs a nationwide footprint.

So, do you have the plan to run an online marketing campaign efficiently?

Managing supply

An on-demand service provider is neither a supplier nor a customer. But on-demand service provider let anyone be the supplier of a particular service. So, now when a customer requests for that service, it is the supplier’s call to respond on his request. But that doesn’t mean that an on-demand service provider isn’t a responsible authority. An on-demand service provider needs to make sure that his platform accommodates enough number of suppliers to deliver the services. If he fails to do so, he will not able to offer on-time services to the users and so, he will be considered as another failed on-demand startup.

So, are you ready to manage the supply according to the demand?

Customer experience

Customer experience is the driving factor of the on-demand business. Providing a good customer experience and showing them that you actually value their time and the issues can actually increase the user adoption rate of your on-demand business. Following image clearly depicts the fact that an on-demand and satisfactory customer experience can avail on-demand service provider to take many advantages.

So, are you ready to be armed with proper techniques to enable satisfactory customer experience?

Product

Considering the fact that you are not a supplier of the on-demand services but you are the supplier of the platform on which independent suppliers can register and the customers can make a request for a particular service, an on-demand platform or on-demand mobile app can be called the product of the on-demand business.

The approach you choose to develop an on-demand app defines the future of your startup. You can either opt for app cloning approach or custom built approach. Going for app cloning is surely a pocket-friendly choice. But clone app doesn’t offer customization and some groundbreaking features like AI, BI, and data analysis.

On the other hand, a custom-built app development approach which cost more but makes your app equipped with all important features.

Thus, going for a hybrid solution that cost you less and provides all important features is the ultimate choice. But here it is worth to mention that, cost of on-demand app development highly depends on the number of customized features you ask on-demand app development company to integrate into the app. With every new customized feature, you are charged more.

So, are you ready to be flexible with app development budget?

How much does it cost to develop an on-demand app?

Coruscate Solutions is the top on-demand app development company which is capable to develop a clone app, custom-built app, and a custom app on a hybrid platform. Our highly skilled developers and designers have already developed a few on-demand apps and figured out the ways to develop a moneymaking on-demand app. With our hybrid platform named Vahak, we can develop a custom on-demand app within 45 to 55 days and under $10k. To know more about on-demand app features, visit our on-demand app solution page. We also provide a free demo of the on-demand app. So, feel free to ask for it.

The post Why On-demand laundry app, FlyCleaners failed. Top on-demand business challenges you need to know before going for on-demand app development? appeared first on Coruscate Solutions.

There was a time when flagging down a taxi was a tough job. However, a few entrepreneurs like Travis Kalanick and Garrett Camp who are the founders of the Uber didn’t beat around the bush and launched Uber. With the advent of Uber, we get access to hail a taxi in the easiest way. It revolutionized the whole taxi booking industry by allowing people to book taxis with a mobile app and by allowing anyone to be the drivers.

Services and business model of Uber have inspired many entrepreneurs to follow the success path of the Uber. Currently, Uber is not the sole player in the market. There are so many other online taxi booking service providing companies are available which are intensifying the taxi booking industry. Despite the fact that market is already mushrooming with taxi booking companies, it is a safe bet to develop taxi app as a large percentage of the user base is still remained untouched by top taxi booking companies.

In this blog, you will get to know,

• Global taxi market
• Top online taxi service providers?
• How much does it cost to develop a taxi app?
• The business model you can implement to make quick money.
• Future of the taxi booking apps
• How Coruscate Solutions helps you to build next-gen taxi app?

Global online taxi booking market is worth in billion dollars. Following image clearly depicts how quickly online taxi booking industry is expected to boom in different continents.

Because of the urbanization and higher living standards, online taxi booking service provider companies are attracting more users than ever. These companies reduce the travel time of users and so, users can easily manage to complete all important work of their planned day.

Considering the fact that online taxi booking service is the public call, the market for taxi booking apps has exploded in recent years. These taxi apps are surpassing yellow taxi services in all major cities. Following is the image which presents the user adoption rate of yellow cab services and ride-hailing apps in New-York city.

The two main reasons which make the taxi booking app an unaltered choice of people are convenience and no time for waiting. Following image shows the result of the survey which was conducted by Q&Me market research company.

Uber

Ola

Curb

Lyft

Gett

TaxiCaller

As we have discussed, Uber isn’t the sole operator in the market. Several other companies which have launched taxi booking apps, targeting local and even global market. Journeys of these companies will inspire you if you jump out of your skin over a thought of developing a taxi app.

Uber Taxi booking app

Uber is undeniably most successful and popular taxi booking app. It is the American multinational transportation network company which was started by Garrett Camp and Travis Kalanick with an ambition to move people, whether across town or towards their dreams.

On New Year’s Eve, when Camp and his friends spent $800 hiring a private driver, he got an idea to offer an affordable and quick transportation solution and that idea morphed into Uber. They launched the first beta version of the app in May 2010 and later in 2011, they officially launched the mobile app of the Uber. Services of Uber were so user-friendly and cost-effective that it spread like wildfire.

Currently, Uber has 91 million monthly users. Uber has completed 10 billion rides with its 3.9 million drivers. Since its initial launch in San Francisco, Uber has expanded its business operations in 700+ cities of 63 countries.

Lyft Taxi booking app

The rivalry between Lyft and Uber is well documented in all news. It is founded in 2012 by computer programmers Logan Green and John Zimmer who have already started a long-distance car pooling ride-sharing company named Zimride in 2007. However, in 2013, they sold Zimride to Enterprise Holding.

Currently, Lyft’s ride-sharing program is available in 350 US cities and a few cities in Canada. Till January 2018, Lyft managed to acquire 23 million users and 1.4 million drivers. As of September 2018, Lyft has completed 1 billion rides. Refer the following image to understand how relatively successful Lyft is.

Gett Taxi booking app

Gett is the Israel-based on-demand taxi service providing company which connects the customers with transportation and good services. Customer can order a taxi or even courier through its mobile app. Gett was founded by Sahar Waiser and Roi More who are Israeli entrepreneurs.

In 2009, the beta version of Gett was launched in Tel Aviv. After two years, in summer 2011, they expanded their service in London.

In March 2012, Gett branched out in Moscow and opened an office in New-York to understand the market need of USA. The first funding round of Gett was led by the wealthiest person of the UK. He invested $30 million in Gett. Recently, with a fresh $200 million of funding, Gett hit the valuation of $1.5 billion.

Made your mind to be among the above taxi booking service providers? Click below to get free taxi booking app or taxi booking platform demo.

Now, in the next section of this blog, let’s answer the much-requested question which is,

How much does it cost to develop a taxi app?

A taxi app development company has to burn the candle from both sides in order to develop a robust mobile app. They need to develop an app for the riders, an app for drivers and most importantly, a dashboard for admin. Considering the fact that there are lots of taxi app development companies are claiming to develop a robust taxi mobile app at the tolerable price tag, it becomes earth shaking requirement to find out whether they are charging you right or not? Will you get all the important features for which you are paying? Let’s find out in a very comprehensive way.

Following are the all essential features for rider app, driver app and admin panel and how much you need to pay for each of them. Please note that this is the average development cost for both IOS and Android app.

Rider app lets riders to communicate with drivers and admin. Using rider app, they can book the taxi, track the driver and pay the fare. Thus, the rider app should be as feature-packed as possible. Let’s quickly hit on top features, how many hours a developer has to invest to develop each of them and how much does it cost?

• User sign up

For a non-technical person, a sign-up is just a token to access the app. But for a developer and app owner, it is the property of access control. With a single ID and password, a user gains access to several features of the app.

Writing code for sign up module generally takes 12 hours as developers have to take care of both security and privacy. Moreover, they also need to write business logic to allow users to sign up with their social media accounts.

In case, you want to integrate other features like biometric authentication, it may increase the hours to write business logic for sign up process.

• User profile

A user profile contains the information like contact details, name, image and payment method. Developers can use the details which users add while signing up as contact details. As far as the name, image, and payment method are concerned, they write business logic to ask these details from the users and to create payment profile of the users which is very useful in payment module. For this formation, the developer requires at least 24 hours.

• Taxi request and allocation

Taxi request is one of the modules where almost app developers struggle as they need to implement a complex algorithm which allocates the nearest driver to the rider. They also need to synchronize the driver app and rider app to eliminate the disordered taxi request and taxi allocation procedure.

We, at Coruscate, have already written and implemented a few innovative matching algorithms which allocate drivers to the riders after calculating several factors like traffic, demand and rider’s expectation.

Developing a taxi request and allocation module easily impels developers to invest 60+ hours.

• Fare estimation

To win the trust of riders, your taxi app should have a feature which shows the estimated fare to the riders as soon as they add the address of the destination. The module of fare estimation also works on the algorithm which calculates the fare by considering the distance, taxi type and other several factors like demand, weather, and user’s type. What makes it even more challenging is the fact that some locations like airports and toll roads urge a different fare calculation algorithm to write and implement.

Fare estimation module of the rider app takes up to 20 hours.

• Payment

Payment module of the rider app should be as error-free as possible. For that, developers use the payment gateway and payment processor which circulate the money between the rider’s bank account and app owner’s bank account. Integration of payment processor and gateway in the app insists 50 hours of app development life cycle.

• Rating

A rating module which lets riders to rate the drivers and riding experience requires 20 hours to develop.

By summing up the last few paragraphs, we can conclude that it requires total 186 hours and around $3700 to develop a rider app with all essential features as an average per hour cost of a developer is $20.

Now, let’s talk about the features of the driver app and how much does it cost to develop the driver app. Please note this is the average cost for both IOS and Android apps.

Click below to get Free Rider app demo :

Most of the taxi booking app development companies and taxi app owners misprize the importance of drivers and end up developing a basic app for them. But, looking at the way how online taxi booking business operates, you have to ask a taxi booking app development company to integrate all essential features in the driver app same as rider app.

• Registration

Like rider, drivers also need to register themselves. However, as soon as they register, they will not land on a home screen of the app. Firstly, they need to satisfy a few basic requirements of the taxi booking service provider companies like history, police and character check to get full access to the app. To make the process of authentication quicker and efficient, driver app should have a feature which allows them to add their details including any document from the app itself. It is also necessary that drivers can track the status of their application.

Since registration or sign up module of the driver app is slightly more complex than rider app, developers require 36 hours to write the business logic of registration module for the driver app.

• Order monitoring engine

An order monitoring engine handles the following tasks.

Upon a riding request, it notifies the driver if matching algorithm finds he will pick up the rider in minimum time than any other available drivers.

Drivers can mark themselves open to accept riding requests or mark themselves offline.

As soon as, a driver accepts the riding request, he can see all details of the rider including the pick-up location.

Once the rider gets into the taxi, the driver can start the trip and when they reach the destination, the driver can end the trip to be available for another ride.

To accommodate all these features into one module, developers require at least 80 hours.

• Payment

Drivers are paid based on the distance they travel to complete one ride and for which service they are registered.

Developers have to write business logic for showing the earning as soon as a driver completes a trip. They also prefer to write business logic for letting drivers know their weekly or monthly earning and how many hours they work in a week. For this, developers assert themselves for 40 hours.

In the nutshell, the total hour developers require to develop a driver app is 156 hours which means, the cost to develop a driver app is around $3100.

• Admin panel

An admin panel is the nerve center for online taxi service business. It avails app owner to monitor the real-time and historical data of his business. A feature-packed admin panel is the product of precisely integrated features like a heat map, fleet management, business analytics tools and earning report. To understand the cost of developing an admin panel in a more rational way, we will distribute the module of admin panel in two parts, which are a module for managing fleet and module for business growth.

• Fleet management

In the fleet management module, developers have to meld the following features.

• A heap map which shows those locations where the demand is high.
• How many drivers are online and in which areas.
• A number of riding requests and the status of each request.
• Personal details of all drivers including their car details, their rating, their denied and accepted riding requests.

To add all these features in the fleet management module, developers need 35 hours.

• Tools for business analytics

Tools of BI calculate various data and offer an elaborated report of business performance. BI tools store the data, filter the data, analyze data and present the result of analysis in the graphical way which helps app owner to take strategic business decision. Developers call next-gen techniques like AI and machine learning into play to make BI tools clever enough. This execution requires 45 hours.

Calculating the cost to develop admin panel of taxi app, since developers spend 80 hours to develop admin panel and per hour fee of a developer is $20, the overall cost to develop an admin panel is $1600.

Click below to get Free Driver app demo :

In the next section of the blog, we will discuss the business model of Uber and other taxi booking companies and what is the future of the taxi apps.

You just have reached halfway!

In order to satisfy financial goals, you need to run your taxi booking business based on a very profitable business model.

The first and perhaps most profitable strategy to earn a good profit is to follow the gig economy model where you allow anyone to be a driver but with his/her car. By doing so, you can able to run taxi booking business with very fewer resources as you now don’t have to bother with the maintenance of the taxis and fuel price. Whatever the rider pays for the trip, take a small percentage of commission from it and keep running a taxi booking business without acquiring a single taxi!

Another profitable way to earn more money is surge pricing. It is a very popular concept in the taxi booking industry. An algorithm estimates the number of riders and drivers will open the app in the next 5 to 10 minutes and if the demand is higher, riders need to pay more. This algorithm considers factors like timing, weather, and traffic to decide the degree of surge and fare which justifies the demand.

Additionally, you can manage to earn a few bucks extra by selling your online space to other companies for advertisement purpose.

As we have stated, taxi booking companies are currently earning really well despite cut-throat competition. But when it comes to the future, factors like how you manage to integrate multiple services in an app, how you deal with legal issues, how you make your app well-equipped with groundbreaking features and how you ensure the safety of passengers will define the success of you taxi app. In fact, a lot of taxi app provider companies have started working on their apps to make it future-ready. Following are a few examples of how taxi app provider companies are preparing themselves to satisfy future needs.

A Bangladesh-based Pathao company provides a multi-service platform and allow users to book or order taxi, courier, and food from a single app.

A London-based taxi app provider company named XOOOX has recently launched its app which lets the driver fix their own fare.

A few Israel-based taxi companies have fitted sensors in the rear seats of taxis which determine the seat occupancy and ensure the safety of riders.

According to many official sources, Uber will soon publish a feature to select the preferable driver while booking a ride.

So, it is safe to say that only a feature-packed taxi app and the way you ensure the safety of your riders will make you the monarch of the taxi industry in the future.

Coruscate Solutions is the top taxi app development company which is driven by young and goal-oriented professionals. We never believe to settle less than best. Our current way of designing and developing is inspired by our ambition to eliminate real business challenges by applying the latest technologies.

To develop a highly reliable, scalable and future-ready taxi app, we utilize robust technologies such as Node.js, React, Redux, PHP, MongoDB, and Mysql.

We work in 5 simple steps. These are requirement check, designing, front end development, back end development, testing, and implementation. With our rapid agile development method, we usually deliver the taxi app in 45 to 55 business days.

We know the other things than a mobile app which are required to start a successful taxi service provider company. Hence, we assist you to craft a profitable business model.

It is as easy as clicking on the ‘get free taxi app demo’ button. And the best part of it is, you will be nominated all the time!

The post Taxi app development: how much does it cost to develop taxi app like Uber, Lyft or Ola? appeared first on Coruscate Solutions.

In this blog, you will get to know,

• What is the clone app?

» Advantages and disadvantages of clone app.

• What is the custom-built app?

» Advantages and disadvantages of the custom-built app.

• What is the best approach to develop an on-demand app?

App cloning is nothing but the freshening a similar app which is already available on Google PlayStore and Apple app store. On-demand app development companies can clone the apps in two ways. They either use app cloning software or reconstruct the app from scratch with common and fewest features like login, registration, reviews, and navigation. Clone apps of many popular on-demand apps like Uber, Uber Eats, Just Eat are available in the market at a very tolerable price.

Cloning an app is undoubtedly not a genius way to kick off the on-demand business. However, in recent years, many entrepreneurs and on-demand app development companies have compromised the quality of mobile applications for the sake of earning money quickly. Yes, you heard it right. Clone app helps you to earn money quickly by investing a little. How? Let’s find out.

Unlike a custom-built app, clone app can be developed in a few days as it eliminates all major phases like planning, analysis, design, implementation, and testing from the app development life cycle. Thus you can quickly launch an app and start earning money.

Since on-demand app development companies shouldn’t need exceptional knowledge to develop a clone app, they charge you a little. So, you can save a lot of money if you decide to go for app cloning.

To survive in a competitive market, your app should have extra features than your nearest competitors which you can achieve via app customization. But if you go for a clone app, you cannot able to customize the app according to the geographic factors and users’ needs.

In recent years, many cases of mobile app copyright infringement have been reported. An android game developer company Glu recently sued another game developer company named Hothead Games for copying a few features of their most popular game Deer Hunter 2018. So, an idea to develop a clone app can trouble you legally.

If you go for a clone app, you will not get features like data analytics, AI and machine learning in the admin panel. These features identify trends, patterns, and relationships from the large data set. So, without these features, you will not take any strategic business decisions.

Here, it is worth to mention that the initial cost of acquiring a clone app is very low. But if we talk about the long-term cost, then it is very high.

A custom-built app is nothing but the mobile app which is developed uniquely after understanding all requirements. A custom-built app fits perfectly for your requirements and users’ needs. If you choose the custom-built app development approach, You can ask on-demand app development company to accommodate all features which you wish to add in the app. Moreover, a custom-built application seems less attractive to hackers as it requires a lot of effort and time to know how to breach the network and system of the custom-built app.

All successful apps are custom-built apps. The custom-built apps are more secure and easy to customize. An on-demand app development company can accommodate all important features like data analysis, AI and machine learning in the admin panel of the custom-built app. Additionally, a custom-built app is more scalable to handle multiple activities at a single time.

Howbeit, custom-built app development approach owns two very critical drawbacks. These are high development cost and prolonged app development phase. These drawbacks of custom-built app development approach are so significant that it can break or make your business model. But we have a solution to overcome the limitations of both app development approaches.

Considering the fact that app cloning and custom-built app development approaches have their own limitations, it is an urgency to find a way to develop a custom-built app which is cost-effective and can be developed almost as quickly as clone app.

A team of skilled developers has found out the way to overcome limitations of both approaches by documenting and building a hybrid solution at Coruscate. We have developed a platform which allows us to develop a custom-built app in budget and within 45-55 business days. Our platform which is named Vahak has inbuilt libraries to add all custom-built-app-like features, like more security, higher scalability, data analysis, AI, machine learning and business intelligence without spending more time. Our platform caters a great capability to customize the app according to your needs.

Following are the images of the admin panel of Vahak platform which we have developed for on-demand app development solution. From the images, you can clearly see how resourceful and extensive admin panel we can develop using our Vahak platform.

(Real-time heat map allows you to know demand in different locations.)

(Managing different on-demand services is easy)

( You can know all details of requests for on-demand services on a single page)

We, at Coruscate, custom-built app with benefits of clone, i.e. quick and cost effective. But looking at the market scenario, we recommend you to go for a custom-built app. Our teams of developers and designers will work precisely on your on-demand app development project and deliver one of the best apps. As stated, we deliver the app within 45-55 business days. As if this is not enough, our personalized pricing module will surely save a few bucks. So, feel free to ask for a free consultation.

The post On-demand App Development: Cost-effective and prompt alternative of clone app and custom-built app development approaches appeared first on Coruscate Solutions.

A new ride-hailing app has been launched in the UK which aims to provide a different take on the sector and challenge Uber’s dominance in the taxi-booking app. Xooox is a ride-hailing service which differs from other ride-hailing apps. It has made itself stand out from the competition by putting the drivers in control of finding their own fares and setting their own prices.

The UK startup was founded by Perfect Data. The Xooox app can be downloaded and used by any of the licensed drivers in the UK. There are over 400,00 drivers who either work independently or for a minicab operator being benefitted by using this app. In reality, the app aims to enhance the minicab and taxi industry rather than fight it.

Why was Xooox launched?

The taxi business has been obstructed for years. Ever since private hires entered the transport scene in 1976, there’s been a struggle between the taxis and private hire cabs. And in today’s world, the ride-hailing apps have entered the brawl. Xooox’s founder had an idea to create a new model of national transport. They wanted this model to go with the taxi and private hire. Back in those days, the technology didn’t exist. However, after working for 40 years, he developed Xooox and brought the technology to the market that harmonizes the industry.

The Xooox driver app is available for free on the App Store and Google Play. It presents minicab and taxi drivers with a live map of all local passengers who are looking for a cab. From this map, the drivers are able to choose any available passengers. They can even set their own prices, and define how far they are willing to travel for a pick-up.

Darren Tenney an ex-cab driver and founder of Perfect Data said that Xooox places drivers persistently back in control of their livings. The other taxi-booking services provide the driver with just two options- they had to find their own fares without using the technology or they had to depend on an algorithm that dictates their working hours and fares. Xooox has changed this completely. So, from now on, drivers manage the technology and not the other way around.

Xooox is not just another taxi-booking app that is trying to fit in the existing trade. But instead of doing that is a being the software tool which can prove to be empowering operators and drivers to win more business off their own backs.

The Xooox passenger app is also available for free on the App Store and Google Play. It enables the passengers to search for all available taxis in their area whenever they wish to book one. While searching for the taxis the passengers are provided the option to filter rides based on fare, type of cab, emissions, estimated time of arrival (ETA), boot space, number of seats, and whether it’s wheelchair accessible.

The ride-hailing service Xooox, in addition to allowing fully licensed taxi and private hire drivers on its app, also provides the passengers an option to report drivers to their licensing body with one tap automatically. Meanwhile, the app is open to all of the UK’s more than 350 cab regulators. They can thus monitor the licenses of drivers.

The regulators have been flying blind for a long time. They have a lot of rules about which drivers, vehicles and operators can work on their own. But the regulators have had no way of enforcing them. XoooX is the first ride-hailing service to open up its technology platform to the regulators. They have allowed them to see what’s actually happening at street-level. At last, the regulators will have the power to take action against unlicensed and out of jurisdiction drivers. This will help to keep passengers safe. And it will also help protect the income of the hundreds of thousands of law-abiding taxi driver working in the UK.

Xooox feels that its platform can also help to reduce pollution and congestion all over the UK. The reason for that is the taxi drivers can let the technology find potential passengers for them instead of driving around and searching passenger. Also, the taxi drivers do not have to return to their base once they have dropped off a passenger and completed their ride.

The technology behind Xooox : And Technology Coruscate use to build Xooox Clone app

The Xooox service leverages patent-pending the entity search engine technology. The technology connects the drivers with passengers in real-time. This allows them to strike their own deals without any interference from any algorithms. In addition to the driver and passenger apps, the Xooox platform all consists of two free-of-charge management portals. The portals work for the operators and the taxi regulators.

Using the Xooox system, the drivers can look for work even when they are standing in the same place. They can make smarter use of the existing road and infrastructure. The app is under progress to be integrated with the smart city structure.

If reading about this app has struck a chord in your mind to develop a taxi-booking app like Xooox, Coruscate can help you with the best technology and expertise in development.

Here is the basic cost of development for a taxi-booking app:

If you wish to discuss further regarding such innovative ideas, you may connect with us through the contact us form for a free consultation session. We already have uncovered the areas of improvement of top ride-hailing companies. We believe that an innovative startup deserves more business possibilities than old-fashioned yet profitable companies. You can also visit our taxi booking app page to know the common features, technology and for taxi app demo.

The post Build XoooX like Taxi app : XOOOX challenging Uber with its ground-breaking new ride-hailing app appeared first on Coruscate Solutions.