Analysis: How does PayPal Work?

Uber has taken the on demand economy vertical by storm.

Formerly called UberCab, the startup was founded in 2009 in San Francisco by Travis Kalanick and Gerrett Camp.

Both the founders are serial entrepreneurs as Gerrett earlier co-founded StumbleUpon (a social discovery engine) and Travis founded Red Swoosh which he later sold for $19 million.

The name was later on changed to Uber in 2010, which simply means ‘Above’ in German.Uber has been pioneer in the sharing economy and the concept of Uberification or Uberisation has emerged following the inventory lite on demand uber business model.

As popularly known today, Uber is an on demand taxi booking app startup.

It partners with cab drivers and provides a single tap cab booking option to riders for a convenient drive in and around the city.

Hence, Business Model is depicted beneath:

One who is enlisted himself as a business/provider can promptly post a vocation/venture.

Alongside which he should give the expected set of responsibilities, culmination period, and as far as possible.

A freelancer/customer can peruse through the occupations posted or even can look for a specific employment utilizing the ordered channels.

Their subtle elements must be submitted alongside their proposal, including time and cost estimation.

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To comprehend this, you have to consider yourself to be a voyager.

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There is a football occasion going to be held in your city.

All of you of a sudden understand that you have two or three rooms empty in your home that you can maybe lease on informal lodging standards?

BlaBlaCar is a funky name startup whose name indicates it is a startup somewhat related to a car.

It is a startup by three gentlemen named Frédéric Mazzella, Nicolas Brusson and Francis Nappez.

Various companies have played around carpooling service post few dominant taxi operators who provided carpool for cheaper options to users.

As mentioned earlier that BlaBlaCar is an online marketplace which can be considered as peer to peer marketplace model wherein at both the sides there is a person to person interface rather than business to customer or business to business.

In both the profiles are it of rider or driver, a government-issued photo identity card is needed.

The rider has to select the travel destination from their location and select the most suitable ride by clicking the driver of their choice out of the list and ratings of a driver and the best possible route to their destination.