Uber listed in the US in May 2019. Ola's founder and CEO Bhavish Aggarwal plans to take his company public in 18 to 24 months. At 18 months, it will mark two years after Uber listed its shares on New York Stock Exchange (NYSE). Coincidentally, Ola started its business two years after Uber. Following in Uber's footsteps may have worked initially, but when it comes to listing Ola, it should tread carefully. The harsh lessons Uber learnt while preparing for its IPO should actually make it cautious.Ola has another thing in common with Uber: sizeable losses. To be sure, India's largest ride-hailing startup has narrowed its losses by about 60 percent in the year to March 2019 to Rs 1,160 crore from Rs 2,676 crore in the year ago. But the number is still substantial. Public market investors may want to see a quicker path to profits as they can be less patient than private equity funds.The question then is, why is Ola in a hurry … [Read more...] about Ola IPO | Bhavish Aggarwal likes walking down the Uber path, even to the Street
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In some ways, 2015 was the year of the gig economy, with the scale and diversity of the freelance workforce not just expanding, but attracting more mainstream notice as well. By our own recent estimates here at Upwork, some 54 million Americans are now freelancers. advertisement advertisement Still, that’s just the most noticeable trend among several that will reshape the nature of work in the next five years. In fact, shifts in technology, connectivity, and the expectations of both employers and employees are on track to bring about bigger changes than the freelance economy can on its own. Here are four. 1. The Rise Of Second-Tier Cities The 20th century saw big, cosmopolitan cities boom. The best jobs and top talent were concentrated in a few “first-tier” urban centers like San Francisco, New York, London, Tokyo, Los Angeles, and Paris. If you wanted a job, you had to move to one of those places. That’s already changing. The major urban hubs have … [Read more...] about The Four Trends That Will Change The Way We Work By 2021
If you work in downtown Johannesburg, South Africa, you probably drive to your office. The traffic coming in and out of the Sandton neighborhood–home to dozens of corporate headquarters, and known as the richest square mile in Africa–is the worst in the city. advertisement advertisement So when local officials started thinking about improving sustainable transportation, they decided to start with the biggest challenge: How could they convince investment bankers and executives to get out of their cars? For the month of October, Johannesburg was the site of the second Ecomobility World Challenge. The first, held in Suwon, South Korea, completely shut cars out of a neighborhood for a month. In Korea, things were a little simpler: the neighborhood, with both homes and some businesses, didn’t have as many people. “Johannesburg didn’t only have to talk to a couple thousand residents, but to 120,000 commuters that go into Sandton every morning and every … [Read more...] about Johannesburg Just Finished A Month-Long Experiment To Get People To Stop Driving
In the hierarchy of things New York City residents kvetch about, housing ranks near the top. A dearth of affordable apartments has the city in a stranglehold and there’s seemingly no end to escalating rents. (Good luck finding a studio in Manhattan for less than $2,300 per month, the average going rate in the borough.) To tackle this problem, former mayor Michael Bloomberg staged a competition in 2012 to design a micro-units development. In just three years, the experimental buildings have hit the market. But is it enough to alleviate the affordable housing crisis? Short answer: it opens the conversation about retooling the city’s supply of apartments, but it’s not exactly a panacea for NYC’s housing headaches. advertisement advertisement Designed by the Brooklyn-based firm nArchitects, Carmel Place (formerly known as MyMicro) is located in Kips Bay, a neighborhood on Manhattan’s east side, familiar to many as “The place where that movie … [Read more...] about Micro Apartments: Utopia or Dystopia?
Apps as we know them will disappear. Luxury will trickle down to the masses. VR will go mainstream. These are just a few of the major design and technology trends shaping the world in 2016. The trends we’ve identified focus on issues we–a firm with over 600 designers and developers–expect to tackle in the coming year. They reflect what clients are asking for, our experiences as citizens and users, and our well-informed guesses (we hope!) on the impact of emergent technology. advertisement advertisement 1. Micromoments will be mighty. Today, someone is always listening. We have listening devices strapped to our wrists that encourage us to run farther or put down that extra slice of cake. Devices in our homes listen and respond. Listening technology allows us to act on any impulse whenever, which has broken down the customer journey into a plethora of real-time, intent-driven micromoments. It follows a very predictable pattern–immediate need, … [Read more...] about 10 Key Design Trends For 2016 (And How To Make The Most Of Them)