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YellowBird spices up ride-sharing with Car Pooling feature

YellowBird spices up ride-sharing with Car Pooling feature

As economies grow, and tech takes shape, service cost saving becomes easier to implement. Rising ride-sharing app, YellowBIRD, is revolutionizing the industry in Uganda with a new car pooling feature. This involves a driver picking up passengers that go the same way he goes, while getting compensated a partial amount for fuel cost.

How does it work?

People with spare seats in their car can use the app to advertise their journey and the cost per seat. The main intention for the drivers is not to make a profit but to have passengers that can be charged an amount to help cover their costs of the journey.

People looking for a ride can then use the YellowBIRD app to find drivers making the same journey and book and pay for the seat. Once the request to travel is accepted by the driver, they can chat within the app and pre-arranged the meeting spot before starting the journey.

Precisely, this is all it takes! The car owner doesn’t provide passengers with on-demand services. They will definitely go to the required destination in any case, regardless of whether he has fellow companions or not. All that the car owner does is to save on fuel and other travel costs but he or she doesn’t intent to earn money of it.

Since this service implies that passengers share a ride, they must participate in the sharing of a total ride cost. In most cases, the cost of fuel is shared between all companions. But also a driver can look for companions not for financial sharing, but for people who have a driving license. When there are 2 or more drivers in the car, it is possible to have a bit rest during the trip.

Is YellowBIRD car pooling a safe alternative in Uganda?

When it comes to ride sharing, safety has always been one of the main concern. People are naturally hesitant about sharing car space with a stranger. What YellowBIRD does is to have each member having pre-registered as a YellowBIRD user, and ensures that they also add a government approved Id to start using the car pooling service with the app.

After using the service, drivers and passengers can rate one another to further boost trust within the community and give future users more information about who they are travelling with.

The app also has a secure messaging service means drivers and passengers can chat before sharing a ride — to find out more about one another and to arrange practical details about the journey.

Benefits of Car pooling

The benefits are simple — drivers offset some of the cost of their journey while passengers gain transport that they might not otherwise have been able to afford.

Cost effectiveness — By having more people using one vehicle, carpooling reduces each person’s travel costs such as: fuel costs, tolls, and the stress of driving.

Environment safety — Carpooling is also a more environmentally friendly and sustainable way to travel as sharing journeys reduces air pollution, carbon emissions, traffic congestion on the roads, and the need for parking spaces. Authorities often encourage carpooling, especially during periods of high pollution or high fuel prices.

Car filling— Car sharing is a good way to use up the full seating capacity of a car, which would otherwise remain unused if it were just the driver using the car.

Challenges with Car pooling

Flexibility — Carpooling can struggle to be flexible enough to accommodate in route stops or changes to working times/patterns.

Reliability — If a carpooling network lacks a “critical mass” of participants, it may be difficult to find a match for certain trips. The parties may not necessarily follow through on the agreed-upon ride. YellowBIRD is addressing this concern by making sure the customer who is interested on a ride pays the reservation and is billed before the trip in case he does not turn up.

Riding with strangers — Concerns over security have been an obstacle to sharing a vehicle with strangers, though in reality the risk of crime is small. One remedy used by internet carpooling schemes is reputation systems that flag problematic users and allow responsible users to build up trust capital, such systems greatly increase the value of the website for the user community.

Women Safety — When it comes to cab or car pool services, women safety is still a major concern. On this matter, we make sure to display the gender of the user in case the passenger only want to travel with the same gender.

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Author: Kikonyogo Douglas AlbertYellowBird spices up ride-sharing with Car Pooling feature

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Startups

Antler secures $50 million funding round for expansion

Antler secures $50 million funding round for expansion

Global startup generator and early stage venture capital firm, Antler, recently raised an additional $50m into the company and its funds in Amsterdam, London, New York, Stockholm, Oslo, Sydney, Nairobi and Singapore.

Amongst the new investors are Facebook co-founder Eduardo Saverin and Elaine Saverin; investor and philanthropist Christen Sveeas, through Kistefos; Canica International; and the innovative Japanese financial services company, Credit Saison; amongst many other independent investors, entrepreneurs and finance industry leaders.

Magnus Grimeland, CEO and Founder of Antler, said that the world is full of brilliant and determined people who have the potential to build world-changing business, but haven’t yet taken the leap into entrepreneurship.

We are laser focused on helping great people create groundbreaking businesses. Raising funds across seven geographies means that we can spread our impact across the world. We are looking forward to seeing our existing portfolio of exciting startups expand; and launching further Antler programmes in 2020.

Antler identifies and enables exceptional people to build groundbreaking tech companies – regardless of gender, socioeconomic background or ethnicity – from the ground up through its program. Antler then provides pre-seed and later-stage capital to the successful companies. In order to provide this funding, Antler has local funds in each geography.

Founded in 2017 in Singapore, by Magnus Grimeland (Former Co-Founder of Zalora, which sold to Global Fashion Group), Antler is expanding fast. It already runs programmes in eight global locations, will soon launch in Jakarta, and launch

Since its launch in Singapore in 2018, Antler has invested in over 120 companies – many of which have already announced further funding from leading VCs such as Sequoia and Golden Gate Ventures. Airalo and Cognicept have both raised investment from Sequoia; Sampingan from Golden Gate Ventures; and Base from East Ventures.

Founders in the Antler program have ten years work experience on average, and most come from high-growth startups and world-leading companies, often with deep technical expertise. Around 3% of all applicants globally get accepted, and Antler invests $100-200,000 into select teams. The portfolio has a high diversity, with companies in 17 industries, founders from 36 nationalities and 52% of companies having at least one female co-founder.

Read More on this funding here.

Read About: How much money should you raise in a seed round?

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Author: Kikonyogo Douglas AlbertAntler secures $50 million funding round for expansion

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Featured Startups

Chipper Cash plans Southern Africa expansion after $6M seed round

Chipper Cash plans Southern Africa expansion after $6M seed round

Cross-border remittance and P2P payments platform, Chipper Cash, has raised $6 million in seed funding led by Deciens Capital. Raptor Group also participated in the round.

According to TechCrunch, the firm – which operates in Kenya, Uganda, Tanzania, Rwanda, Ghana and Nigeria – plans to expand into Southern Africa in its bid to become a pan-African entity.

Chipper is going continental. We are adding more African countries in 2019 and hope to cover the continent in some few years. This way, we will be contributing to connecting our African nations in terms of trade and financial transactions/ financial harmonization.

Chipper Cash was founded by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled. The company offers free P2P mobile money services, which is unlike other existing mobile money providers. The platform also aggregates several mobile money wallets and bank accounts onto its platform allowing customers to enjoy its super wallet status.

In May 2019, the startup collected a $2.4 million (about Shs9 billion) in a seed round still led by Deciens Capital. The investment also attracted Joe Montana, a legendary American footballer’s firm called Liquid 2 Ventures and 500 Startups, to be part of the round.

In June 2019, Catalyst Fund, which invests in early-stage ventures working in the financial inclusion sector in emerging markets as well invested $50,000 in Chipper Cash.

This guided the expansion into Nigeria with its free and instant Peer-to-peer cross-border mobile payment solutions.

With over 600,000 active users and over 3 million transactions processed on its platform, Chipper Cash aims to be Africa’s biggest payments platform with its merchant focused platform Chipper CheckOut and its P2P service Chipper Cash.

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Author: Kikonyogo Douglas AlbertChipper Cash plans Southern Africa expansion after $6M seed round