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Established in 2020 by Deniel Singh and George Lim Ting, Geolah markets itself as a “next-generation know-how platform” providing a variety of transportation providers together with non-public transportation, non-public chauffeur, experience sharing, and bundle supply.
The 2 founders first met in 2018 when Deniel was a vp at a know-how firm serving to startups and huge enterprises envision, innovate, and construct net and cellular platforms.
With over 23 years of expertise in each enterprise and IT, he has deep trade information and a ardour for constructing service platforms to digitize totally different domains.
In the meantime, Lim Ting is a self-made entrepreneur who has traveled the world whereas operating a number of companies. His aim is to make use of digital transformation to make transportation and meals extra accessible and reasonably priced for everybody, significantly small and medium-sized enterprises (SMEs).
Geolah was born in the course of the ‘circuit breaker’ interval, and the enterprise thought arose because of Deniel’s private expertise as a Personal Rent Car (PHV) driver. He had recognized a number of challenges and gaps inside the conventional ride-sharing enterprise mannequin, so the duo got down to discover options.
I noticed that there have been fundamental challenges and gaps within the enterprise mannequin. Ultimately we discovered attainable options, and Geolah was based by locals for locals.
– Deniel Singh, Co-Founder and COO of Geolah
With Geolah, his mission is to create a brilliant app that provides a variety of reasonably priced transportation providers and introduce zero fee payment for accomplice drivers.
Drivers don’t have to pay any fee
In keeping with Deniel, a few of Geolah’s standout elements are that it provides versatile work hours and a greater work-life steadiness for its drivers, in addition to reasonably priced journey fares and a digital driver onboarding course of.
They’ve additionally launched commission-free fares for his or her driver companions, which implies that all experience fares go on to the drivers, permitting them to cowl their fundamental day by day bills akin to day by day automobile rental, gasoline, parking, and many others.
As a result of excessive price of automobile rental and gasoline, [it] results in decrease revenue [for drivers]. We would like our group of driver-partners to realize the utmost revenue to satisfy their fundamental day by day wants.
– Deniel Singh, Co-Founder and COO of Geolah
Against this, the foremost gamers on the platform cost drivers between 10 and 20 p.c commissions, that are deducted from every journey. Drivers solely take pleasure in bonuses or incentives once they make a sure variety of journeys inside a stipulated interval.
Deniel added that since Geolah permits most earnings for driver companions, they’re as an alternative monetized by strategic accomplice rebates. Geolah permits huge manufacturers to launch focused advert campaigns and promotions on its platform, and over time, it expects this to change into a major income by changing into a sponsored content material channel for each passengers and drivers.
With the aim of providing reasonably priced fares for passengers, Geolah’s journey fares are calculated based mostly on driver availability, distance, and sort of service.
To this point, the startup has recruited greater than 540 drivers and goals to recruit 2.5 p.c of the overall pool of native TDVL and PDVL drivers within the subsequent 24 months. Citing statistics from the Land Transport Authority, Deniel stated there are at the moment roughly 90,000 TDVL drivers and 47,000 PDVL drivers in Singapore.
Enterprise roadmap for the following two years
Over the following two years, Geolah will progressively introduce different providers akin to carpool, AirportXpress, CrossBorder, floor excursions, packages, meals and grocery supply providers.
Its ride-sharing service GeoRide will launch its beta check on February 14, 2023, permitting passengers to ebook a experience in non-public rental vehicles, metered taxis, and personal chauffeurs for one, 4, or eight hours.
Its ride-sharing service Geolah will launch its beta check on February 14, 2023, permitting passengers to ebook a experience in non-public rental vehicles, fixed-meter taxis, and personal chauffeurs lasting one, 4, or eight hours.
Within the third quarter of this yr, Geolah may even launch “group rides” with the aim of offering free and sponsored rides.
We are going to educate and encourage our group of driver-partners to provide again and volunteer to supply rides, akin to bringing and sending SPCA animals to vets. We’re additionally involving different non-profit associations to supply a group transport service for the much less lucky, disabled and aged who want to maneuver.
– Deniel Singh, Co-Founder and COO of Geolah
Then, early within the fourth quarter of this yr, Geolah will launch its on-demand bundle supply service, GeoMove.
Later, beginning in 2025, its GeoMart on-line grocery supply service, GeoBites on-line meals ordering service, and GeoTrans transportation service shall be carried out.
Specifically, GeoTrans is a singular function of Geolah, which provides heavy transport providers akin to ambulances, buses and vehicles for each the B2C and B2B segments.
With this wealth of providers, together with its commission-free charges and reasonably priced fares, Geolah hopes to draw extra riders and drivers on board. By the tip of 2023, it hopes to succeed in “hundreds of customers.”
In the end, its aim is to change into a ‘tremendous app’ as it really works on constructing a big person base, a excessive engagement mannequin, and a robust ecosystem of strategic companions.
We should proceed to innovate and evolve to offer a greater person expertise and a dependable infrastructure. [As part of] our technique for [gain more] market share, we emphasize educating our driver-partners about adopting our commission-free fares and being open to suggestions. We strongly consider that this helps establish areas of enchancment to develop the Geolah group.
– Deniel Singh, Co-Founder and COO of Geolah
As a self-funded start-up, Deniel says the founders have invested sufficient to maintain the enterprise going for 5 years. As a part of their progress plans, they’re at the moment increasing the workforce and in search of nice expertise to affix the corporate.
Moreover, they’re exploring new markets in Southeast Asia and Asia Pacific to extend their person base and income streams. Specifically, they hope to launch in Brunei, Malaysia, Thailand, the Philippines, Myanmar, Cambodia, Laos, Hong Kong, Taiwan, Japan, Australia, and New Zealand.
They’re additionally engaged on figuring out new applied sciences and tendencies to introduce to the platform, and it’s open to collaborations and partnerships.
Featured Picture Credit score: Geolah
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