After breaking even, start-up will have enough to pay for expenses, sourced from B2B product
Our business model is focused on setting standardised pricing, incentivising drivers, says Chinmay
The rates offered by Jugnoo cab services are expected to be higher than current operators
The Chandigarh-based company is putting on hold further expansion in auto aggregation in order to stop burning cash
The new launch offers meal delivery service throughout Chandigarh, Panchkula and Mohali, taking orders between 12 midnight to 12 noon
With an average 40,000 transactions in a day, Jugnoo expects about 25% of payments through cashless transactions with this new tie up
The service will be available to users of Trainman mobile app in 35 cities where Jugnoo is currently operational
Currently operational in Chandigarh, services will be implemented in Indore, Gurgaon and Noida in two week's time
If users opt for pooling, they get a discount of 20% on the fare
To launch services in Africa, South America and Southeast Asia