Do not want to miss your cab? Give a shot Gobabygo Cabs!
First company in India, working on a 0% commission model. The founder started a company named Gobabygo Cabs through which both drivers and passengers can connect and transportation problems will be solved.
The company wants to connect cities to cities, villages to villages, and cities to villages. Provide Affordable rides to riders.
Revenue Model of Gobabygo Cabs
The company was founded in July 2021, operates in B2B and B2C segments and generated a revenue of $ 1 M.
Revenue is generated via a subscription-based model where drivers pay a fixed fee monthly instead of per-drive commissions. This ensures predictable income, driver ease without deductions per drive, and an attractive, transparent, fixed-cost structure, potentially drawing more users.
Gobabygo- Your Partner in Problems
They are solving the problem of late payments, high ride commissions, insurance, and support for drivers. In their company, drivers don’t pay any commissions on rides, allowing them to earn more and improve their livelihoods.
And for riders, we are solving the issue of high cancellations of rides, security, and safety, as we are providing 5-layer protection. We integrated a multi-media option in chat, where riders can share photos or videos.
The Story Behind Gobabygo Rs 22 Crore Revenue
Mr. Akash Ali, who works in Dubai in a reputed company occupying a prominent role, 2021 visited India for his family function in Assam, when he landed in India he tried to book a cab from the airport to his home but was not able to book due to cancelation from driver’s side, after few days he gets to know one man died because he didn’t reach the hospital on time due to lack of transportation facility.
After this incident, Akash decided to leave his well-paid job in Dubai, get back to India permanently, and work for the welfare of people.
The main issue he finds in rural and semi-rural areas like his hometown drivers and passengers not having any platform to connect. Mr. Akash came up with a website named Gobabygo Cabs on 29th October 2021 and got a good response from the people. 6000 drivers joined him and he earned around 22 crore revenue.
However, the Assam government objected that private vehicles should not be used in ride-hailing, either they convert all vehicles into commercial or shut down this business.
Since it is not an easy task to convince all drivers to turn their private vehicles into commercial ones. Mr. Akash requested the government to extend this period so that he could find a solution for the same. The government agreed on this and provided a period as it is for social causes and the benefit of the people.
Akash Ali then moved to Delhi and observed some different issues that drivers and passengers are facing. The two major problems are that drivers frequently cancel the rides, which is problematic for passengers.
Solving the Monopoly in the Market
While drivers are not getting enough payment as they are working hard. However, it is not an easy task to cover the metropolitan cities where other ride-hailing service providers are in this monopoly market.
In August 2023 he opened an office in Delhi and in just a small period of 2 months 5000 vehicles are attached with Gobabygo Cabs. In August 2023, Gobabygo Cabs OPC Pvt. Ltd. Converted into Gobabygo Cabs Pvt. Ltd.
Founder’s Insight- A Social Worker with Entrepreneurship Skills
Akash Ali is a dynamic entrepreneur with a passion for revolutionizing the transportation industry. He had an MBA in HR and Marketing. He has completed an internship at GAP in Dubai, where he developed a keen understanding of customer service and operational management. Despite starting at a lower position,
His dedication and hard work propelled him to the role of Operations Manager at GAP Incorporation. He led a team of 32 people at GAP, showcasing impactful leadership and management skills.
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Vision of Gobabygo
It believes that by providing appropriate tools and opportunities drivers can be empowered. A fair, supportive, and transparent ecosystem can be the foundation of it. It is committed to providing better options and possibilities to the drivers which they need to thrive in the economy.
One of the most crucial visions of GobabyGo Cabs is to cut down the existing commission model charged by companies from the drivers. Those drivers who don’t want to work on the subscription-based model can choose the 15% commission model. Gobabygo Cabs eliminates unnecessary burdens like a commission from its driver’s shoulders. Change the lives of drivers.
FAQs (Frequently Asked Questions)
What does Gobabygo Cabs do?
The founder started a company named Gobabygo Cabs through which both drivers and passengers can connect and transportation problems will be solved.
How does Gobabygo Cabs earn its revenue?
Revenue is generated via a subscription-based model where drivers pay a fixed fee monthly instead of per-drive commissions.
Who is the founder of Gobabygo Cabs?
Akash Ali is a dynamic entrepreneur with a passion for revolutionizing the transportation industry.
