Eleven thousand two hundred and sixty-seven rupees (~$160). That’s what Vikram Singh Yadav earned in the seven days to 12 April across 51 trips in his Uber cab over 67 hours. If you deduct the toll charges and money spent on Compressed Natural Gas (CNG), it comes down to around Rs 7,000 (~$100). That translates … Read moreDara doesn’t believe India is ready
The Ken: Do your doctors have targets, something that plagues many corporate hospitals? Pai: We never incentivize doctors for any tests or practices. They don’t get any kickbacks for that. We only tell them what their peers have done. When they are hired, in the beginning, they have the minimum [required] salaries; they have to … Read moreI won’t go to another SE Asia market because I don’t have the connect
Luckin, meanwhile, has a cashier-less system, where people pay solely through the Luckin app and not at the store, and get coffee on the go. Stores don’t have billing counters. Chai Point claims to use its tech to understand customer behavior—the user’s previous purchases, their wallet balance, which can help predict what the person could … Read moreTwo beans in a pot
Those concerns didn’t weigh down Asia Partners, a new growth stage fund that announced a $70 million first close of its maiden fund in June. The firm led the RedDoorz Series C deal in what was the first public investment for its fund, which is believed to be targeting a final close of up to … Read moreAn IPO for RedDoorz to go with
To get to this point, however, it has taken a lot of behind the scenes work and stratification, says a senior FHRAI functionary. “We learned from some of the past cases where there wasn’t enough evidence and the marketplaces took advantage of the lack of data,” the FHRAI member adds. For this case, he says, … Read moreTurning the tables around
If you haven’t read the first part of this story, please read it here. “Fast forward to 2020. TeamIndus and Axiom Research will still exist. We will be either a very successful space company or, if we manage our lunar landing on the first attempt, we will be [a] super successful space company. That’s the … Read moreDoes TeamIndus still have a shot at its moonshot?
In hardware, most of the products were custom-built for GLXP and carry limited applicability beyond the moon mission. Ironically, while landing a rover on the moon is a far more complex and challenging project than deploying satellites into space, it has limited commercial appeal. Furthermore, Isro’s own moon rover, Chandrayaan-2, is scheduled to be launched … Read moreMinistries of Commerce and Electronics and IT
Pervasive personalization. Two words that describe how algorithms shape our views and behavior and determine what we see, buy, read online. There’s so much value in personalization that tech companies are giving away algorithmic tools for free; the actual money lies in the application, in manipulating large population groups. And as this happens, much of … Read moreAlgorithm dynamics: Asking Google, Facebook and others to be ‘fair’
Will we put out the fire? Or will we avoid the pain of doubling down on demand? “Volumetric pricing and ensuring 100% metering have been successful ways of controlling demand in other countries,” says Srinivasa Rao Podipireddy, a senior water and sanitation specialist based in Delhi. But in India’s vast water space, he indicates, pricing … Read moreWhat is the Smoking Gun?
There are three events in my professional life which I think were clearly avoidable and have caused massive loss of life. Uttarakhand flood, 2013. Kashmir flood in 2014. Cyclone Ockhi. More than 600 fishermen went missing because a cyclone went by the Kerala coast. More than 600. It is not a small number. I wrote … Read moreA weatherman takes a long, hard look at his life’s work