Main Value Proposition
Hirick offers a solution to the problems faced by office-goers in Bengaluru, who are struggling with unreliable and costly Uber/Ola/Rapido rides and the lack of door-to-door service provided by public transport. By connecting users with rickshaw drivers who charge by meter and accept all destinations, Hirick guarantees a reliable and affordable mode of transportation.
Target User Persona
Office-goers in Bengaluru who commute to work on a daily basis
Age range: 22-45
Are looking for a door-to-door commute
User's Pain Points to Solve
Commuting difficulties and unreliability of public transport and ride-hailing services. Difficulties relying on rickshaws for daily commute
Rickshaw Driver's Pain Points to Solve
Difficulty in finding fixed incomes, difficulty in navigating efficiently, difficulty adapting to new technology.
Sales & Marketing Channels
Social media, online advertising, and partnerships with local businesses and organizations.
Revenue Stream Sources
Commission from rides, subscriptions, in-app advertising, and partnerships.
Cost Structures
Development and maintenance of the app, driver recruitment, training, marketing, and user acquisition costs.
Key Activities
User research, app development, driver recruitment, training, marketing and advertising.
Key Resources
Development team, marketing team, customer support team.
Key Partners
Local businesses and organizations, payment providers, and regulatory bodies.
Idea validation steps
User research, market research, competitor analysis, Surveys, MVP launch.
Potential Business Challenges
1. Regulatory risks: There may be local regulations in Bengaluru that may restrict or prohibit the operation of a carpooling service like Hirick. It's important to ensure compliance with all regulations and laws to avoid any legal issues.
2. Competitive risks: There are already several ride-hailing services operating in Bengaluru such as Ola, Uber, and Rapido. It will be important for Hirick to differentiate its service and offer unique value to attract customers.
3. Driver retention: Finding and retaining qualified and reliable drivers can be a challenge, as they may be tempted to work for other ride-hailing services. Hirick will have to develop strategies to attract and retain drivers, such as offering incentives and training.
4. Customer acquisition: Acquiring a sufficient number of customers to make the service viable can be a challenge, especially in a crowded market. Hirick will need to develop effective marketing and advertising strategies to attract customers.
5. Safety risks: Ensuring the safety of riders and drivers is a top priority. Hirick will have to implement safety measures, such as background checks for drivers, and a rating system for riders and drivers.
6. Pricing risks: Pricing the service correctly is crucial for the success of the business. If the prices are too high, customers will not use the service. If the prices are too low, the company may not be able to cover its costs. Some revenue models may also be in violation of laws in Bengaluru. |