Three segments i.e. Hyperlocal delivery, food delivery and auto booking have been making a lot of buzz in the Indian startup ecosystem since past few months. Startup in each of these segment have not only been launched but have also raised big funding rounds. The market size that these segments offer have been the major reason for sudden uptake. Chandigarh-based Jugnoo is one startup which is trying to tap all these three segments through the use of auto rickshaws.
Jugnoo is a hyperlocal marketplace to provide everything on-demand using auto rickshaws as a logistics engine for A2B transport and Value Added Deliveries. “We aim to utilize auto rickshaws as logistic partners as they are available easily, are quicker and cheaper mode and in abundance in cities. They are the vehicles of masses – helping achieve economies of scale by offering cheaper but fast transport,” says Samar Singla, CEO and founder.
The startup currently targeting the above mentioned three segments by utilizing auto and has launched apps to manage all these Jugnoo (Nov 2014), Jugnoo Meals (Feb 2015) and Jugnoo Fatafat (April 2015).
- Jugnoo lets you book an auto instantaneously or schedule a pick up for later which is a $10 Bn market.
- Jugnoo Meals delivers fresh, home-cooked affordable meals at your doorstep, which is a $20 Bn market.
- Jugnoo Fatafat, lets users order anything from anywhere for free. The best part of Jugnoo Fatafat is its custom order feature, where in case you can’t find the store you are looking for, you can just place a custom order and it takes care of the rest. On-demand delivery is a $340 Bn market, which includes delivery of groceries and other goods.
Jugnoo has closed a seed round of $1 Mn from Rakesh Mathur (Junglee, Flywheel), Vikas Taneja (previous investments in Rapportive, PubNub, etc.) earlier this month.
On-demand delivery market is going to bring the next big disruption in the ecommerce segment. With everything set in place, the player who solves this piece is going to come out as a winner. There are a number of startups in this space that have attracted funding in last few weeks including Grofers, PepperTap, ZopNow, among others.
On the other side, auto booking is a segment which has also attracted a lot of attention after Ola had introduced auto booking on its platform. Uber and Taxiforsure also aggregates auto for consumer booking. Few months back, another startup Chalogekya had also raised funding and has just launched their app.