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In 2009, Uber transformed businesses with smartphone & the app that brought the end users closer to the company and vice versa. This little transformation disrupted the way businesses worked in the past, and immediate gratification became the need of the hour.
With on-demand delivery Startups’ hyper growth being witnessed in the present, it is inevitable to ignore the on-demand marketplace that is ready to offer anything to the end user in a time window of 5-60 minutes.
The On-demand Economy
Space-O Technologies believes that we are witnessing the on-demand economic growth and a digital transformation at this very moment. With businesses willing to cater their end users with innovative products, to close the gap between their needs & wants, it is indeed the right time to be a part of the on-demand economy.
This is the millennial’s era, and they are fast paced, always-on-the-move, and need immediate gratification, which is why on-demand suits them. This business model is here to stay as the people need it, and it serves their very purpose of quality with timeliness.
The smartphone era works in real-time and so does this business model, which is why more and more businesses should try to fit into this model, and serve their customers with better products/services.
Top Funded On-demand Companies
On-demand businesses have become a hot favorite with the venture capitalists. There are a lot of VCs investing in the startups venturing into this category. Let’s have a look at those who have received the highest funding
Uber: Uber was the pioneer of a successful on-demand service company that ventured into calling cabs using smartphones. It received maximum funding from investors
Lyft: This taxi booking app that is fighting for its position with Uber has received a funding of $1.0Bn
GrubHub: Ordering food online has altered completely with GrubHub that got noticed and received a funding of $277 Mn
Instacart: Getting groceries at your doorstep has become easy with Instacart, a startup that received a funding of $275 Mn
TelaDoc: An Uber for doctors, this app connects the patients with the caregivers over the web
GetTaxi: This is yet another taxi calling app that helps collaborate the passengers with the drivers. This service received a funding of $193 Mn
American Well: Healthcare is adopting the on-demand services to improve patient care and accessibility. American Well and the funding it received is a classic example of this
Postmates: Everything from groceries to food to desserts gets delivered at your doorstep with Postmates
From hiring services to buying products, there is an on-demand business that does it all. As of now health care poses to be the biggest earner in the on-demand economy aiming to offer better accessibility and improve the patient care.
The idea of things being accessible on-demand is fascinating, which is probably why most investors are funding into ideas that dominate in this segment.
Have an On-demand Startup Idea?
If you have the perfect idea to beat the competition in your segment with on-demand services, we have the right team for you. With their unbeatable industry knowledge and technology expertise, they can help you convert your traditional working methods into the modern on-demand business model.
Why Should You Hire Our Developers?
Quick Launch: Our programmers are skilled to get started with your project in just a few minutes. With the 24/7 availability and a dedicated team of resources, you can look for a quick launch of your product, with the highest quality
Skilled & Dedicated Team: We owe you a skilled dedicated team to get started with your project. Our resources are known for their experience, and expertise and have delivered immediate response and support whenever necessary
Space-O believes that the on-demand economy is here to stay, and businesses should ideally invest their resources in entering the on-demand market. It is indeed the right time to enter this segment, as it offers better engagement and involvement for both ends of the marketplace.
So, if you have an on-demand business model idea, let us know.
We will help you get it started with the right vision, the perfect plan, and the appropriate team of executioners at the earliest.