Ltd, is not alone in doubling up as a bike taxi and hyperlocal delivery firm. While M-Taxi started bike taxis in December and extended its services to include deliveries in May, NOW founder Vivek Pandey was running a food-ordering firm, much like Swiggy in July 2015. Bike taxis are in high demand during the office opening and closing hours—8am to 11am and 4pm to 7pm. Much like the existing hyperlocal companies, they are likely to face challenge of full utilisation of the aggregated riders,” said Sreedhar Prasad, partner, KPMG. Cab aggregator Uber offers express delivery and food delivery services such as UberRUSH and UberEATS in select global markets.

Source: Mint September 20, 2016 19:18 UTC