Build Gett Like Taxi App : Gett is getting ready for the IPO in 2020, you can be the next with taxi booking app development
Posted on May 8, 2019 By Vishal Virani
Gett is different from Uber and Lyft as it offers the rides at completely flat pricing and works with licensed taxi drivers. The Israeli startup does not use surge pricing or unlicensed drivers which is a surprising fact as this does have its competitive drawbacks. The surge pricing has a hidden advantage of encouraging more and more licensed drivers to be on the roads during peak timings. But, even without these advantages, Gett is gearing up for an IPO next year. That means, the industry sure has a lot of opportunities for the startup ventures who can have their own weapons sharpened with a taxi booking app development.
Let’s get into the details of Gett expansion at various locations. Gett is giving a tough competition to Uber on the streets of the UK. It is operational not just in London but also in Edinburgh, Manchester, Birmingham, Liverpool, Glasgow, Leeds, Oxford, Cambridge, Reading, Slough, Milton Keynes, Brighton, Bristol, Bath, Cardiff, Portsmouth, Bournemouth, Leicester, Coventry, Sheffield, Nottingham, Bradford, Hull, and Newcastle.
Ever wondered what’s the difference between all the taxi booking giants available as Uber alternatives in the market? Let’s discuss it here.
Whether it is Hailo cabs running in London, Lyft at their best or the Gett cabs with flat-rates, they all have some or the other feature which can help them in overtaking Uber. Let’s discuss the competition by highlighting the services provided by different companies.
Uber disrupted the taxi industry in 2009 by bypassing traditional licensed cabs and allowing customers to book their cars right from smartphones. They also allowed the users to pay via their pre-stored credit cards and other payment wallets right through the app. Uber doesn’t own the cars or directly employ drivers. But they just match up the demand of their users with the Uber technologies. However, the premium car service has turned into one of the biggest car services on the planet. Uber offers a larger range of services starting with Uber X service up to the high-end Uber Luxe. They also have carpooling introduced as a part of their services.
Lyft has a business model similar to Uber. But they have kept themselves confined to the US and Canadian boundaries. The company has kept a pink mustache as an identification symbol for its vehicles and they promote their drivers as friendly and verified. Lyft too has introduced carpooling in the US just like Uber and coincidently on the same day.
In contrast with Uber and Lyft, Hailo provides taxi drivers with an extra business by connecting the customers looking for a cab using their app instead of relying on people standing on the streets or the taxi ranks. The Hailo app allows their licensed drivers to accept card payments along with the introduction of HailoPay and mobile app payments.
The flat pricing, working with licensed taxi drivers and prices dependent on Zones are what make Gett stand out from the list of its competitors. As the cities are divided into zones, the prices of travel stay almost the same regardless of any zone. The data to define these prices is analyzed in such a way that the cars run on a profit.
According to a report in Techcrunch, Gett has reached a valuation of $1.5 billion by raising $200 million and is getting ready for an IPO in 2020.
Gett has no plans of selling of Juno at all. In fact, here is a graph which shows that Gett and Juno have more vehicles running on road in comparison to Lyft.
Lessons to keep in ming to development taxi booking app from the taxi-hailing services war
Being a startup, you need to understand the oceans that you are about to dive into. So, it is better to learn the good and bad of business from others than incurring the losses yourself. The above taxi booking apps are known as giants in the industry and their business models can be studied in order to sustain the competition.
Here are a few lessons that you need to take into consideration while going for taxi booking app development:
- People want to know the rates they are going to be charged beforehand. So, the taxi booking app should show the estimates when the user is booking a cab.
- People need reliable taxi services. So, offering them friendly and verified drivers can make you popular.
- The drivers should also make a good amount of money. If you care for your drivers they, in turn, will care for your customers.
- The payments should be made easier by offering in-app payments through mobile wallets and credit cards.
- Passenger safety is important. The app should have an SOS button with GPS enabled tracking system.
- Passenger should be able to share their ride with others.
- The app and cabs should be powered by IoT integration and Artificial intelligence technologies.
Being a startup, it is recommended that you don’t run after profits right when you start. Give your business some time and let the costumers become loyal to your cabs. Also, make sure you hire the right company to build your taxi booking app.
Cost of Taxi Booking App development
The cost of developing a taxi booking app depends on how many features you would like to have in your app and the time required for the development of the app.
However, you can refer to the below table to check out the estimated time and rate for a very basic model of taxi app.
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