Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Crowdsourcing in Developing Economies

778 views

Published on

Samar Singla, CEO & Co-Founder, Jugnoo. Presented at Crowdsourcing Week Europe 2015. For more information or to join the next event: http://crowdsourcingweek.com/

Published in: Economy & Finance
  • Be the first to comment

Crowdsourcing in Developing Economies

  1. 1. Crowdsourcing in Developing Economies
  2. 2. © All Rights Reserved Why developing economies? Bad infrastructure High inequality of income Inefficient economies
  3. 3. © All Rights Reserved 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 InThousands 0 300 600 900 1200 US India Philippines Pakistan UK Canada Bangladesh * Elance report Country wise freelancers
  4. 4. © All Rights Reserved 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
  5. 5. © All Rights Reserved 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
  6. 6. © All Rights Reserved 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
  7. 7. © All Rights Reserved Increased personal freedom • Increased real-time choice of work • Maximize earning potential Drive Passengers Do Deliveries Code
  8. 8. © All Rights Reserved 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
  9. 9. © All Rights Reserved 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
  10. 10. © All Rights Reserved 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
  11. 11. © All Rights Reserved Traction NOTE: Data taken till 19th October, 2015 Since launching Jugnoo, we have seen exciting growth and user engagement across cities. 800k
 Users 10k
 Daily Transactions 800k
 Total Transactions $10k
 Daily GMV © All Rights Reserved 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 Amritsar Ludhiana Gurgaon Delhi Noida Guwahati Bhuvneshwar Hyderabad Mysore Jaipur Jodhpur Ahmedabad Surat Vadodara Indore Nagpur Nasik Pune Udaipur Kota
  12. 12. © All Rights Reserved Thanks Samar Singla Founder and CEO samar@jugnoo.in
 +1-415-658-5227 +91-8054972627

×