On demand economy
I’m spending some time learning & researching the on-demand opportunity in the Indian consumer web space. Ola Cabs started the movement and Uber took it to the next level (here and globally - FYI, Ola Came first)
What are the other opportunities for on-demand services you are seeing in India?
Here is some Mobile only/first companies from our neighborhood:
US is leading the VC action in the on-demand services space:
As on-demand businesses solve for the current technological and logistical challenges, design will increasingly become one of the most meaningful forms of competitive advantage. Creating a memorable, frictionless user interface is the next battleground for addressing consumers’ insatiable appetite for greater simplicity and convenience. Scott Belsky points out,
“A new cohort of design-driven companies are adding a layer of convenience between us and the underlying services and utilities that improve our lives. This could change everything.”
The On-Demand Economy is here to stay. It will represent the fastest and most significant shift in spending since the advent of internet commerce. Bezos claims “it’s still Day 1” for eCommerce — and the on-demand economy represents the most sophisticated application of “eCommerce” seen to date. (Business Insider)
This new industry, and its ability to satisfy consumers increasing demand for simplicity, efficiency, and convenience is novel today. Tomorrow, it will be the expectation. Mobile technology, the remote controls we use to navigate our daily lives, are transaction engines that never leave our pocket. Never before have consumers had this simple of a way to transact — and never before have businesses been equipped to satisfy this mounting demand.
— Ev Williams
By mid-1999, $300M was being invested in Internet companies each week.
Just to put this in comparison to the beginning of the dot-com bubble, in Q2 2014, VCs invested $208M per week in internet companies.
and here’s Jesus clearly handling the ball. yellow card.