BOUNCE: ONE OF BUDDING INDIAN STARTUP

  INTRODUCTION

Who hasn’t heard about ola and uber? One of the most popular and famous rental car service startup. Startup. Just like them, setting a benchmark onto this field, bounce; an Indian origin startup company providing people with dock less scooters as a medium for transportation! Who thought that cars could have been replaced by some scooters!



This startup was organized by WickedRide Adventure services Pvt. Ltd. By a CA, All of us have heard about ola and uber, in this developing world these kind of Mr. Vivekanand Hallekere. Bounce has its headquarters in the IT hub of India, Bengaluru. Started in 2014 as bike rental service and soon in 2016, they launched metro bikes, as an easy and convenient medium to travel across the city. This facility in 2014 was available only in benaluru, but to our surprise, this service gained immense popularity and in no time they were the first luxury bike rental service of India, spreding themselves in 10 cities in no time. With a blink of eye, this startup got successful and gained popularity.



* ABOUT BOUNCE:-


Bounce in no time reached with 60,000 rides per day, and is considered as one of the fastest growing startup of India. After the introduction of dockless scooter, the firm had over five million rides. The company earned almost $220 million by the end of june last year. Bounce contributes an approx of 25% of women users of their scooters. But as business sector has cut-throat competition of companies, similarly here also, bounce’s rival Vogo is also enhancing their service at a high rate, creating much competition between them.

 





 

*PRICING:-


These scooters are pocket friendly and have some minimal rates, every ride charges Rs. 5/km+ Rs.0.5/minute. But obviously you don’t need to add them up and waste your time, and hence at the end of the ride these charges are clubbed itself and show you the amount you need to pay.


*PRO’S OF BOUNCE:


·        BETTER FOR ENVIRONMENT- Sharing and renting scooters/bikes are better for environment as people will not spend time on rental bikes unnecessarily


·        CONVINIENCE- Instead wasting money on buying a scooter/bike and then paying for the fuel also, one can use that money for rental bikes, moreover on a daily basis one will require much less money.


*CON’S OF BOUNCE:


·        CONGESTED BIKE DOCKS- The easier this whole rental process sounds, the more difficult is their managements. On bike docks, the bikes are arranged in a very difficult manner, and are pretty congested. In case if one bike falls, the other ones are damaged as well.


·        FIRST-TIME BIKERS- After all we people like to experiment on everything, instead of using our own bikes/scooters to try on first time, we always find someone else’s bike and make out an experiment. This brings a huge loss to a company and hence it’s a biggest con.




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