6 months ago

The 30 innovators Who Changed the Startup World

Interview with Insights

Interview with Insights Success he world is experiencing a surge of startups as well as entrepreneurs across verticals and industries. TStartups are naturally very passionate and excited about their businesses, but communicating this passion as a viable venture for investors is equally crucial. Building a workable and scalable idea is fundamental to this process in the first place. You should have trust and belief in your idea, and also it needs to be applicable and functional in the marketplace. The business model needs to be scalable and relatable to other industries as well. Insights Success team interviewed Mr. Samar Singla, Co-founder & CEO of Jugnoo, on how Jugnoo sets itself apart and changed the startup world. We are pleased to share the inspiring words and insightful answers from them. Q. Please tell us about the journey of Jugnoo from its initial days, the growth, and its Expansion. Established in the year 2014 in Chandigarh, Jugnoo is primarily an on-demand hyper-local transport and logistics app that thrives on its expansive network of auto-rickshaws across the country. Disrupting the threewheeler transport segment in India, its objective is to systematize the highly unorganized auto-rickshaw sector by aggregating them through technology, thereby making it more efficient. Jugnoo has evolved over the past three years in terms of its business operations, technical advancements and verticals. It has expanded across other verticals of on-demand and hyper-local space. The idea is to establish Jugnoo as a key player in the market for providing all kinds of hyper local deliveries. Our vision is to build the first true hyper local marketplace in India that can deliver anything to anyone. With a market presence in more than 35 cities of India, 4.3 million registered users and 65,000 auto drivers, Jugnoo is trending at 30K daily transactions. The company is growing month on month consistently at 10%. The plan is to build our network PAN India with a focus on tier II and tier III cities of the country while disrupting the auto-rickshaw sector with technology. Q. What inspired you to come up with this idea, which changed the Startup World? Jugnoo Jugnoo is Chinmay’s and my brainchild. We launched it at a leading college fest (PECFEST) in Chandigarh as an experiment where we offered free rides to people. The response received at the fest was phenomenal which Providing an Instant Access to Reliable and Affordable Services 20 | January 2018 |

Samar Singla Co-founder & CEO | January 2018 | 21

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