Owning a business is a dream for many people. India’s Bharat Taxi is making that dream come true.
Just pay $5
Of course, you cannot become a business owner without a capital, or without investing. But, Bharat Taxi is making it super easy for you, since you only need to pay, ready for this one? Five dollars! Yes, $5.
Ridesharing media are saying the idea behind this Bharat Taxi initiative is to craft a platform wherein drivers are beyond just service providers, but also partners who share profits and decision-making capabilities.
So, here’s how this deal works. Bharat Taxi allows its drivers take part in the cooperative by shelling out $5 as membership contribution. Once these drivers are registered, they become co-owners of the service, which means they can join the decision-making processes, and also earn profits. Ooh, ooh, ooh!
This is the second blow that Bharat Taxi is sending to competitors after it challenged the very nature of ridesharing in India and the areas they serve.
A key promise of this business model is better profit distribution for drivers. Traditional ride-hailing platforms, according to them, often charge big commissions on every ride, reducing the earnings that drivers get.
Under this business cooperative system, Bharat Taxi aims to ensure that a bigger share of revenue flows directly to the drivers, increasing their income and giving them a louder voice in how the service operates. Aside from extra income, drivers may also get representation in governance structures, including opportunities to join decision-making and cooperative boards.
Other Bharat Taxi news: Quicker payouts
Who doesn’t want quicker payouts, right? Meanwhile, in other Bharat Taxi news, the platform recently entered in a partnership with Paytm in order to bring digital payments and financial services to drivers and passengers utilizing the app. This move aims to make payments for rides a whole lot easier for passengers, and ensures quicker payouts for drivers.
In this partnership, Paytm is to provide its payments system-wide for Bharat Taxi. Passengers can pay for rides using UPI within the app, or through Paytm-pioneered QR codes, card machines, and Soundbox. Amazing!
“Bharat Taxi is a thoughtful initiative supported by the Government of India that places drivers at the centre of the mobility ecosystem. We are humbled by the opportunity to contribute our payment infrastructure to make the service convenient and reliable for both passengers and drivers across cities in India. Through this collaboration, we aim to support secure and seamless payment experiences that enhance everyday travel and improve ease of use for all stakeholders,” Paytm told Ridesharing Forum.
Bharat Taxi is historic, being India’s first government-backed, cooperative-led ride-hailing platform launched to offer a zero-commission, driver-owned alternative to platforms like Ola and Uber. It focuses on driver welfare, operating with lower, transparent fares, and profit sharing.
It is a cooperative-based ridesharing service designed to empower drivers’ pockets and reduce the dominance that mainstream apps have. Instead of working for private companies and institutions that take big commissions, drivers are given the chance to be members of the cooperative, therefore sharing in the company’s growth and profits.
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