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Jugnoo's demand grows by 100 pct in Coimbatore after others suspend services

ANI  |  New Delhi [India] 

Jugnoo, a hyper local startup, power-driven by its vast auto rickshaw network, today announced that the demand for its services doubled in Coimbatore. The announcement came soon after Uber suspended its auto rickshaw services in the city.

The aggregator had shut down their auto operations in the bustling cities of Coimbatore and Indore on Monday and Thursday respectively, following which Jugnoo's services witnessed this spike in demand. With Jugnoo's vast network and increasingly popular services across Tier II and Tier II cities, this was an expected trend for the brand.

Commenting on the development, Chinmay Agarwal Co-founder and COO Jugnoo said, "The market dynamics have been extremely convoluted over the last few months. We saw this coming but did not think it will come so soon. There have been so many reports of strikes, demonstrations and protests happening across the country over the past few months, led by the registered drivers of top cab aggregating companies that has affected the auto as well. Our model has always been focused on setting standardized pricing and incentivizing the drivers and therefore we have been successful in becoming a trusted player in the category."

Overall, the space is poised for growth. Jugnoo continues to invest in streamlining processes and consolidating the unorganized auto sector and is hopeful of growing the over time.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Jugnoo's demand grows by 100 pct in Coimbatore after others suspend services

Jugnoo, a hyper local startup, power-driven by its vast auto rickshaw network, today announced that the demand for its services doubled in Coimbatore. The announcement came soon after Uber suspended its auto rickshaw services in the city.The aggregator had shut down their auto operations in the bustling cities of Coimbatore and Indore on Monday and Thursday respectively, following which Jugnoo's services witnessed this spike in demand. With Jugnoo's vast network and increasingly popular services across Tier II and Tier II cities, this was an expected trend for the brand.Commenting on the development, Chinmay Agarwal Co-founder and COO Jugnoo said, "The market dynamics have been extremely convoluted over the last few months. We saw this coming but did not think it will come so soon. There have been so many reports of strikes, demonstrations and protests happening across the country over the past few months, led by the registered drivers of top cab aggregating companies that has ...

Jugnoo, a hyper local startup, power-driven by its vast auto rickshaw network, today announced that the demand for its services doubled in Coimbatore. The announcement came soon after Uber suspended its auto rickshaw services in the city.

The aggregator had shut down their auto operations in the bustling cities of Coimbatore and Indore on Monday and Thursday respectively, following which Jugnoo's services witnessed this spike in demand. With Jugnoo's vast network and increasingly popular services across Tier II and Tier II cities, this was an expected trend for the brand.

Commenting on the development, Chinmay Agarwal Co-founder and COO Jugnoo said, "The market dynamics have been extremely convoluted over the last few months. We saw this coming but did not think it will come so soon. There have been so many reports of strikes, demonstrations and protests happening across the country over the past few months, led by the registered drivers of top cab aggregating companies that has affected the auto as well. Our model has always been focused on setting standardized pricing and incentivizing the drivers and therefore we have been successful in becoming a trusted player in the category."

Overall, the space is poised for growth. Jugnoo continues to invest in streamlining processes and consolidating the unorganized auto sector and is hopeful of growing the over time.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Jugnoo's demand grows by 100 pct in Coimbatore after others suspend services

Jugnoo, a hyper local startup, power-driven by its vast auto rickshaw network, today announced that the demand for its services doubled in Coimbatore. The announcement came soon after Uber suspended its auto rickshaw services in the city.

The aggregator had shut down their auto operations in the bustling cities of Coimbatore and Indore on Monday and Thursday respectively, following which Jugnoo's services witnessed this spike in demand. With Jugnoo's vast network and increasingly popular services across Tier II and Tier II cities, this was an expected trend for the brand.

Commenting on the development, Chinmay Agarwal Co-founder and COO Jugnoo said, "The market dynamics have been extremely convoluted over the last few months. We saw this coming but did not think it will come so soon. There have been so many reports of strikes, demonstrations and protests happening across the country over the past few months, led by the registered drivers of top cab aggregating companies that has affected the auto as well. Our model has always been focused on setting standardized pricing and incentivizing the drivers and therefore we have been successful in becoming a trusted player in the category."

Overall, the space is poised for growth. Jugnoo continues to invest in streamlining processes and consolidating the unorganized auto sector and is hopeful of growing the over time.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22