Connect with us

Startup

Can Ola Maps plot its way to success on Google’s turf?

Published

on


“It’s time to #ExitGoogleMaps. Switch to OlaMaps,” reads the banner on the landing page of Ola Maps’ website. 

This audacious proclamation comes as no surprise given that Ola’s founder Bhavish Aggarwal has been–for a while now–urging Indian developers to build their applications and shift from Google Maps, the dominant player in the ecosystem. 

Not just that. 

Aggarwal has also been dangling many financial incentives for developers to use Ola‘s navigation tech platform–including a year’s free access to Ola Maps and free credits of over Rs 100 crore.  

To walk the talk, the startup has completely shifted all its business units, including ride-hiding and electric vehicles, from the Google Maps platform to its in-house navigation platform built on the company’s Krutrim Cloud. 

Ola, which spent a whopping Rs 100 crore every year on Google Maps’ services, claims to have cut down expenses on licensing and services to zero–thanks to its in-built Ola Maps, launched in July. 

Establishing an Indian-origin navigation system isn’t the first attempt by Aggarwal to ‘Indianise’ Ola’s business units and take on global giants. In May, the SoftBank-backed firm migrated its workload from Azure–a cloud computing platform from software major Microsoft–to its own Krutrim cloud. 

Ola’s exit from Azure could cost Microsoft from Rs 5-25 lakh every day, while switching from AWS might lead to losses of Rs 30-40 lakh for Amazon, according to a now-deleted social media post by Aggarwal, a vocal advocate of indigenous tech. 

Focus on navigation tech

Now Aggarwal’s attention has moved to navigation tech as he strives to tackle the distinct challenges on Indian roads–by enhancing navigation in crowded areas, adding regional language support, and using India-specific algorithms. 

“We’ve been using Western apps to map India for too long and they don’t get our unique challenges: Street names, urban changes, complex traffic, non-standard roads, etc. Ola Maps tackles these with AI-powered India-specific algorithms, real-time data from millions of vehicles, leveraging and contributing massively to open source,” said Aggarwal on X. 

He also claimed that Ola has made five million updates to enhance the accuracy of its mapping solution. 

Soon after Ola’s #ExitGoogleMaps campaign, Google invested in Moving Tech Innovations Ltd, the parent company of mobility apps Namma Yatri and Yatri Sathi, in a $11-million funding round led by Blume Ventures and Antler. 

Google has also introduced India-specific pricing for maps, slashing prices by 70% on most APIs and accepting payments in Indian rupees. The tech giant is also collaborating with the Open Network for Digital Commerce (ONDC) to offer developers building for ONDC up to 90% off on select Google Maps platform APIs.

In response, Aggarwal took to X to announce a price cut of 50% of Google Maps’ reduced rates and a freemium model for ONDC-based small and medium-sized businesses. He also announced five million free API calls a month for Indian developers and startups. An API call lets developers integrate Ola Maps’ features into their apps.

Besides spurring a price war, can Ola’s desi answer to mapping woes woo Indian developers and businesses onto its platform? YourStory does a deep dive. 

Challenging Google: A marathon, not a sprint

The navigation technology sector in India is not an unchartered territory. Apart from Google, Apple, MapmyIndia, Dutch-based HERE Technologies, and OpenStreetMap are some of the other players vying for a piece of the same pie. 

Ashutosh Sharma, VP & Research Director at Forrester, says that Google dominates the maps market in India with a nearly 80% share, followed by MapMyIndia with 17-18%. The rest is split between OpenStreetMap and other providers. 

Standing up to a big tech company like Google will not be an easy task–for Google Maps has been navigating the choppy terrains of the country since 2008. 

For nearly a decade, Google Maps has been using artificial intelligence (AI) to map millions of kilometres of roads and over 300 million buildings in India. It processes over 50 million searches and provides directions for 2.5 billion kilometres each day.

Sharma opines that taking on Google in the mapping game is not a quick sprint. 

“Mapping is a very intensive business. You just can’t create a great mapping service in a very short amount of time unless you put in a huge amount of meticulous effort,” he says. 

According to Sharma’s estimate, Google has around 30,000 B2B customers in India, including large players such as Swiggy and Zomato. 

Google has been in the business for more than 20 years now globally. “I cannot say that Ola Maps will quickly get there. They still have a lot of work to do to build it out,” he adds. 

However, Shivani Palepu, Principal Analyst, Gartner, is more optimistic about Ola’s chances. 

“Ola can gain market potential and give competition to Google and other players due to a deep understanding of the Indian context–by understanding Indian cities, traffic patterns, roads, networks, local landmarks, and so on,” she says. 

The Indian government’s Make-in-India thrust can also give Ola the impetus it needs. 

“With the government saying we have to do something on our own, it could bring in a lot of strength to Ola’s marketing strategy,” she adds. 

Tackling other competitors

MapmyIndia is another serious contender in the mapping and navigation business. The Delhi-based company, which was founded in 1995 by Rakesh Kumar Verma and Rashmi Verma, has a good presence in the government sector, enterprise solutions, and the automotive industry. It is well known for its data accuracy and robust coverage across urban and rural areas in India.

MapmyIndia has teamed up with various government bodies to boost its mapping tech. Last year, it joined forces with Punjab Police to roll out the Mappls app to deliver real-time traffic updates and safety alerts to commuters in the state.

And then there is Dutch mapping provider HERE Technologies, which launched WeGo, a web mapping and navigation software, in 2020. It has partnered with SMEs in automotive, transportation, and logistics for delivery and route optimisation.

Whichever way one dissects it, B2B remains the stronghold of most navigation tech players. 

So, where can Ola find an opening?

Opportunities for Ola

Google Maps is deeply rooted in major cities such as Delhi, Mumbai, Bengaluru, and Hyderabad. Thus, it could be tough for many customers to make a switch in these cities, notes Palepu. 

While targeting the consumer market may not offer quick returns, focusing on a B2B strategy in Tier II and III cities could be a game-changer for Ola, which can offer businesses a localised, cost-effective option, she adds.

Pricing will be the deal breaker for small and medium enterprises, opine industry experts. 

“For instance, WeGo introduced a freemium model in India to make it easier for developers to access high quality location data. Companies who are competitors to Google in the global space take pricing as a big strategy, because that’s where these smaller startups can actually benefit,” explains Palepu. 

Ola could create a new market by offering a single app for various transportation modes, Palepu suggests–similar to how European mobility player Tier integrates e-scooters with Google Maps in Europe. 

Google Maps has also partnered with ElectricPe in Bengaluru, allowing users to access information on EV charging points’ availability and status in real time.

“Google offers extremely accurate real-time information to customers during a journey. Through this partnership, EV users can plan all journeys well in advance,” says Avinash Sharma, Co-founder and CEO, ElectricPe.

“Offering essential discovery solutions like maps at a lower price provides significant and direct benefits to the end customer as it improves accessibility and offers better pricing,” he adds.

Vaibhav Khandelwal, CTO and Co-founder of logistics provider Shadowfax, uses Google Maps for some of his startup’s operations. 

“We appreciate the real-time traffic data that Google Maps provides. Given that open source solutions are set up in our infrastructure, they provide lower latencies and allow us to run more complex logistics,” Khadelwal notes. 

“However, it is still expensive for businesses in our sector,” he adds. 

Interestingly, Shadowfax has a built-in system SFMaps—an AI tool that improves delivery accuracy by simplifying complex address data from over 1 billion past deliveries to make deliveries efficient. 

Commenting on paying customers, Forrester’s Sharma makes a pertinent observation. 

“Of the 30,000 customers (of Google), how many are really paying customers? The majority of them tend to be small stores that have put themselves on Google Maps just to be located,” he points out. 

If Ola can offer a competitive alternative that goes beyond mere presence, it could create an impact. The future of navigation calls for solving the day-to-day problems of businesses and charging them for the same. 

Ola Maps’ launch comes at a time when many logistics players and aggregators in the country are grappling with difficulties in service and delivery. Inconsistent address formats, unclear pin codes, and regional language issues are some of the challenges that Ola, as an Indian solutions provider, can try to solve. 

Traction so far

Though it is still early days, with Ola Maps just about a month old, the company has managed to create a tiny buzz in the navigation market.  

In its early days, Ola partnered with ISRO’s IRNSS (Indian Regional Navigation Satellite System) programme to provide accurate GPS data, said sources familiar with the matter. Astro India AI, an AI-powered astrology platform, and KPN Fresh Product, a Chennai-based e-grocery delivery app, have also tapped into Ola Maps for their services. 

Lawsuit from MapmyIndia

Meanwhile, amidst all the action in mapping tech, CE Info Systems–the parent company of MapmyIndia–has slammed a lawsuit on Ola Electric, accusing it of data theft. 

MapmyIndia has alleged that Ola cached and stored its proprietary data, resulting in an unauthorised merging and reverse engineering of its licensed technology. This reportedly breaches the terms of their 2021 contract, Forbes reported.

In 2015, Ola forged a multi-year licence partnership with MapmyIndia for access to its mapping data. 

Aggarwal responded by calling MapmyIndia’s move “opportunistic”.  

“It is opportunistic of them (MapMyIndia). There are opportunistic players everywhere … Such behaviour is widespread across the industry. We will respond to them at the right time,” said Aggarwal, during a press briefing. 

Rohan Verma, CEO of MapmyIndia, declined to comment when YourStory reached out to him with queries on the issue. Ola Electric also declined to comment. 

Long road ahead

Aggarwal, who seems to be a man in a hurry, certainly has his work cut out. Besides dealing with the lawsuit, he also has to ensure that his decision for Ola to enter the navigation business was the right move at the right time. 

This means tackling a tough consumer market, boosting Ola Maps’ features to attract B2B clients, and carving its own niche in a market dominated by Google. While the freemium model appears promising, winning over developers and startups cannot happen overnight.

At the moment, Ola has a lot on its plate, with Ola Electric going public and other business units looking to up the ante. 

While the company–under Aggarwal’s bold leadership–may nurture a large appetite, has it bitten off more than it can chew? Is Ola Maps a valuable addition, a risky bet, or an over-ambitious move? Time will tell. 

(Disclaimer: Shradha Sharma, Founder and CEO of YourStory, is an independent director in Ola Electric.)

(The copy was updated to correct a typo and a factual error.)





Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Startup

Get set to explore the future of tech and innovation at BTS 2024

Published

on

By


Bengaluru Tech Summit (BTS), Asia’s biggest technology event, brings together the global tech community, including industry leaders, policy makers, innovators, and technocrats.

The 27th edition of the summit, the flagship event of the Department of Electronics, IT, Bt, Government of Karnataka, and co-hosted by the Software Technology Parks of India (STPI), will be held on November 19-21, 2024, at Bangalore Palace.

The event will elevate the central theme of BTS, which is Breaking Boundaries, to Unbound. As barriers between nations, industry, sectors, and cultures continue to dissolve, this is the time for unbounded innovation, collaboration, and growth across the global IT, deeptech, ESDM, biotech, lifetech, and startup ecosystems.

BTS is driven by members of Karnataka’s Vision Groups on IT & electronics, biotechnology, and startups in close coordination with industry associations like Nasscom, IESA, ABAI, ABLE, TiE-Bangalore, US-India Business Council, Assocham, Indo-American Chamber of Commerce, FKCCI, and more. Startups in the IT, deeptech, electronics, semiconductor, AVGC, emerging tech, and biotech sectors will also be part of the event.

International Conference

BTS 2024’s conference sessions will be a powerhouse of knowledge-sharing, rich with insights from top-tier industry leaders, creating an invaluable space for networking, learning, and growth. Attendees will gain access to pioneering ideas that will fuel the future of technology, featuring perspectives from seasoned experts across multiple sectors. They can engage with leaders defining industry standards and making transformative strides in innovation.

More than 460 global speakers from industry, research, and academia will address 5,000+ delegates in 85+ sessions over six dedicated tracks. These include:

  1. IT, Deeptech & Trends Track
  2. Electro-Semicon Track
  3. Biotech & Healthtech Track
  4. Startup Ecosystem Track
  5. Global Collaborations Track
  6. India-USA Tech Conclave

The conference will feature global tech leaders and innovators, including Azim Premji, Founder Chairman, Wipro; Dr S Somanath, Chairman, ISRO; Kiran Mazumdar-Shaw, Executive Chairperson, Biocon; Chairperson, VGBt, GoK; Kris Gopalakrishnan, Co-Founder, Infosys, and Chairperson, VGITE, GoK; Prashanth Prakash, Founding Partner, Accel Partners; and Chairperson, VGST, GoK; Sindhu Gangadharan, MD, SAP Labs India; Chairperson, Nasscom; Nuseir Yassin, CEO and Content Creator, Nas Daily; David E. Duncan, Contributor, Vanity Fair and Wired, and CEO, Arc Fusion; Bhaskar Ghosh, Chief Strategic & Innovation Officer, Accenture; and Nithin Kamath, Co-founder, Zerodha.

A special feature this year will be a Dome Structured Hall, called the ‘Innovation Dome’, which will feature special programmes, workshops, product launches and so on.

Vibrant Exhibition

The BTS 2024 exhibition will provide a dynamic platform for companies and startups to showcase groundbreaking products, technologies, and solutions. It will be a hub of exploration and business networking, offering exhibitors opportunities to connect with potential partners, investors, and clients. Attendees can gain exposure, forge valuable partnerships, and demonstrate their company’s expertise on an international stage.

Focused Pavilions:

  • Corporate & Industry
  • Global Innovation Alliance 
  • Startup Zone
  • STPI National Showcase
  • MSME National Pavilion  
  • R&D Pavilion (Lab to Market) 
  • Leading States of India 
  • Karnataka Showcase 
  • Beyond Bengaluru 
  • Technology Parks 

Sectoral Pavilions:

  • Biotech & Healthtech
  • Electronics & Semiconductors
  • Telecom
  • Spacetech
  • Mobility
  • Greentech
  • Edtech
  • BFSI & Fintech
  • Animation & Gaming 

Special Events & Programmes

BTS 2024’s special events will go beyond traditional sessions, recognising excellence, nurturing talent, and creating a vibrant environment for competition and celebration. These programmes will support the next generation of tech leaders and foster a collaborative spirit among professionals. From awards to quizzes, these events aim to inspire innovation and bring together diverse voices across industries.

Product Launch Arena: A Product Launch Stage is offered to startups, established companies, and innovators to unveil their latest product or service to the industry and media.

Beyond Bengaluru: This initiative of the Government of Karnataka is aimed at promoting emerging innovation clusters like Hubballi-Dharwad-Belagavi, Kalaburagi, Mysuru, Mangaluru and others. 

Bio Poster Showcase: Bio Posters – the Walkway of Discovery is a platform for young researchers to showcase breakthrough ideas in healthtech and biotech sectors.

Awards: BTS recognises the contribution of achievers with awards like STPI IT Export Awards, Smart Bio Awards, Startup Awards & Exhibitor Awards.

Competitions: The TCS Rural IT Quiz and BioQuiz will engage and inspire young minds nationwide. 

B2B Meetings: B2B meetings between startups, businesses, investors, and governments are a cornerstone of BTS 2024.

Why Bengaluru and Karnataka? Bengaluru, with its strong tech ecosystem, provides the ideal setting for BTS 2024. Supported by Karnataka’s progressive policies, Bengaluru and its innovation hubs—Hubballi, Mysuru, and Mangaluru—drive a robust tech industry. This summit will showcase Karnataka’s dedication to global technology leadership, economic growth, and innovation that benefits all.

BTS 2024 will be more than a gathering of top minds; it will be a platform where innovations are showcased, connections are made, and the future of technology is shaped. Join us in experiencing the power of collective innovation and ambition at BTS 2024, a summit where ideas meet action, and possibilities become reality.







Source link

Continue Reading

Startup

Ola Electric’s Q2 loss narrows as revenue jumps 40%

Published

on

By


Ola Electric‘s net loss narrowed in the second quarter of the current financial year (FY25) as the Bhavish Aggarwal-led EV maker reported a 39% jump in sales.

Ola Electric reported a net loss of Rs 495 crore for the July-September quarter, down from Rs 524 crore in the year-ago period. The company’s revenue from operations jumped to Rs 1,214 crore in Q2 from Rs 873 crore a year earlier.

However, on a quarterly basis, Ola Electric’s loss widened from Rs 324 crore in the April-June quarter. The company’s sales declined from Rs 1,644 crore in the previous quarter.

The results come days after the EV-maker’s share price fell below its listing price, two months after the company listed on Indian stock exchanges. On Friday, Ola Electric’s share price closed at Rs 72.67 apiece, down 2.53%. Ola Electric got listed on India’s stock exchanges on August 9 at Rs 76 per share. The company had hit an all-time high of Rs 157.40 apiece.

Ola Electric, currently the market leader in the E2W segment, has also come under intense scrutiny over rising consumer complaints pertaining to its vehicles. In October, the company received a show cause notice from the Central Consumer Protection Authority (CCPA) seeking alleged violations of consumer rights, misleading advertising, and unfair trade practices.

The company, in a BSE filing on October 22, said it has provided all requested information and clarification sought by the consumer watchdog. Additionally, Ola Electric said it resolved 99.1% out of 10,644 complaints it received from the CCPA.

The SoftBank Group-backed firm has since doubled down on expanding its service centers and hiring service technicians to help streamline operations and clear backlogs.





Source link

Continue Reading

Startup

Workplace boundaries: 5 things not to share with coworkers

Published

on

By


In today’s workplace, building relationships and open communication are highly encouraged. A collaborative environment can foster trust, creativity, and productivity among colleagues. However, there is a fine line between being friendly and sharing too much. Revealing certain personal information to your coworkers can blur professional boundaries and even affect your career negatively. In a world where first impressions and professionalism matter, knowing what to keep private is crucial to maintaining respect and credibility.

This guide highlights five essential things you should never share with colleagues. From sensitive financial details to personal beliefs, these are boundaries that every professional should respect for the sake of both personal privacy and workplace harmony.


1. Financial information

Discussing your financial situation at work—whether it’s your salary, debts, or even that new loan you’ve taken out—can lead to misunderstandings, envy, or resentment. Salary disparities, in particular, are a sensitive topic and can create friction in the workplace if colleagues perceive unfairness. Moreover, sharing details about your finances could unintentionally set you up for gossip or judgment from others, which could alter their view of your professionalism. If you’re asked directly, a polite but firm response, such as “I prefer not to discuss personal finances,” can help maintain boundaries.


2. Political and religious beliefs

In an era of heightened political polarisation and strong opinions on various social issues, discussing your political or religious beliefs at work can be risky. Even casual remarks can lead to disagreements and, in worst cases, workplace conflicts. This doesn’t mean you should hide your identity, but it’s wise to avoid diving into discussions that might alienate or offend others. Maintaining a neutral stance on sensitive topics can help create a respectful, inclusive work environment.


3. Personal health issues

Your health is deeply personal, and sharing too much about any physical or mental health challenges can lead to unintended consequences. While close friends may share personal health information, colleagues don’t need to know the specifics of your medical history. Revealing health information might result in unwanted sympathy, awkwardness, or even doubt about your ability to perform your job effectively.


4. Negative opinions about colleagues or management

It might feel cathartic to vent about a difficult coworker or a strict manager, but sharing these thoughts with other colleagues can easily backfire. Not only can it damage your reputation, but it could also harm your professional relationships if your words get back to the person in question. Criticising team members or managers can make you seem untrustworthy or negative, both of which can hinder your career progression. Maintaining a neutral or positive stance will reflect professionalism and emotional maturity.


5. Ambitions for a new job or career move

Sharing your plans to apply for a new job or change careers might seem harmless, but it could shift how your colleagues or managers view your commitment. If your supervisor learns that you’re planning to leave, it could lead to fewer opportunities or even less favourable treatment as they prepare for your departure. To protect your current position, focus on your work, and wait to share the news until you’re ready to make a formal exit.


Conclusion

In a professional setting, boundaries are essential for a healthy work environment. While sharing parts of your personal life can help build connections, knowing where to draw the line is equally important. By keeping your financial matters, health concerns, personal beliefs, and career ambitions private, you’ll be better able to maintain a positive reputation, foster respectful relationships, and ultimately advance your career without unnecessary complications.

Remember, in the workplace, less can often be more. Protect your privacy, and you’ll find it easier to focus on what truly matters—your professional growth and contributions.





Source link

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.