About Ola and Its Business Model

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 9

The world we live in is very dynamic, and the desires of the customers keep on

changing. One such major shift in customer desires is making environmentally safe
business models. The rising awareness about global warming and environmental
degradation across the world has put pressure on companies to act on saving the
planet. In this presentation case study, our students at IIDE will take a deep dive into
problems faced by Ola Cabs and propose a solution that meets the new demands of
the customers to be eco-friendly.

As a part of their course, IIDE students get a chance to work on assignments related
to some of the top brands across the globe. We train them to create innovative,
tech-centred solutions that are customer-focused as well as viable and profitable for
the brands.

Four of our students, Aastha Vyas, Umair, Sheena, and Riya chose to work on Ola.
They researched the problems that users faced and tried to come up with a unique
solution that was practical and scalable. Read on to find out more about it.

Let us begin the case study by learning more about Ola’s Business Model

Contents show

About Ola and its Business Model


Ola is India’s biggest mobility platform with a gig-economy business model. It
provides on-demand taxi services in 250+ cities across the country. It was launched
on 3rd December 2010, by Bhavish Aggarwal.
Ola first targeted the Indian Metropolitan cities and then increased its reach into tier
2 and tier 3 cities. The company leverages the power of the internet and widespread
connectivity to facilitate one of the largest gig economies in the country and operates
a fleet of more than 15 lakh cars and drivers. By providing ease of usage to
customers, it has become one of the most successful startups in India.
The philosophy that Ola follows is simple- they wish to make travel more accessible,
safer, and comfortable for all their customers. It has become one of the most
recognizable brands and is a testament to the Indian entrepreneurial spirit.
Before we discuss the solution, let us first understand the Target Audience for whom
the solution will be made.

Ola’s Target Audience


To better understand who the actual users of the Ola Platform are and how they use
it, our students conducted interviews. They understood that a lot of people used the
carpool feature while booking cabs. However, using this had its own set of problems.
They also found out that:

● 60% of the people have used a carpool


● 40% of the people surveyed said ‘Yes’ to share a ride with their
neighbour; 30% of the people answered ‘Maybe’; and 30% of people
responded ‘No’.
40% of the people said ‘yes’ to “Will carpooling make your commute easier”;
20% responded ‘Maybe’ and 40% responded ‘No’.
Download the complete Ola Case Study PPT
here.
Download Now

To summarise the findings of the survey, the student team found that a decent
majority of people are warm to the idea of carpooling and sharing their rides with
people. Now that we understand the Ola Cabs audience, let us now turn our
attention to the process of identifying the problems faced.
Ola’s Problem Identification & Analysis
Our students took multiple interviews to improve their insights and understand the
pain points of the users. The users wanted:

● Cheaper Ride
● Less Crowd
● Less Detour
● More Reliability
● Lesser Cancellations
● Safety
After stating the pain points of the customer, the student team has used multiple
management techniques for problem identification. They are as follows:

1. User Persona Analysis


To create a better solution for the users, our students created a User Persona and
defined their attitude, goals, aspirations, and frustrations.

2. HMW Statement
After identifying pain points, our students created an HMW or ‘How Might We’
statement to narrow down the issues they want to tackle. Here’s their HMW
statement:
How might we
Provide more economical rides
For
Our users
So that
they can commute easily, cheaply, and safely

3. Empathy Mapping
This technique is a great way to visually arrange all the insights we have about the
consumer and aids in the decision-making process. Our students have created the
following Empathy map to aid their problem identification process:

After
identifying the problems faced, let us now look at the proposed solution created by
our students.
Download the complete Ola Case Study PPT
here.
Download Now
Solution: Ola Swift – A Digital Marketing Plan

After a lot of brainstorming, our students built a feature named “OLA SWIFT” that is
solving users’ problems as well as helping Ola earn more profits. If you wish to
download and see the presentation on Ola made by our students, click on the link
below.

Ola Swift is a real-time ride-sharing feature that allows users to travel by car owners
within the city. Although it is essentially a carpool, the main differentiating factor is
that the car will not stop at multiple stops to pick up other people. The car owner will
pick you up and directly drop you at your destination that is on the way to wherever
he/she is travelling to.

This will help the users to share a ride, reduce their travelling cost, and still reach
their destination without being delayed while being environmentally friendly!
After defining and creating the solution’s business model, let us now look at the
process of creating the aesthetic and user experience part of the solution.

Mood Board

To design this solution, our students built a mood board. A mood board is a visual
tool that helps in bringing together different design elements in one place to
showcase the general theme to be followed.
Solution Prototype

After defining the elements of design, now let us start with designing the user
experience. Ola Swift needed to be integrated well within the existing Ola app to
ensure that users could use it seamlessly. To ensure that this happened, our
students designed a wonderful prototype of the User Interface (UI).

Now that the user experience is defined, let us look at the marketing strategies our
students created to promote Ola Swift.

Ola Social Media Marketing Plan


Any business cannot do without a proper marketing strategy. A new feature is not
going to be used by people if they are not aware of it. The following are the mediums
that the student team proposes to use.

1. Push Notifications
One of the ways how people could be made aware is through sending push
notifications to people who used the app. Push notifications are an effective medium
to grab the attention of already existing ola cab users. It is essential to ensure that
users are aware of Ola swift and that they do not mix it with Ola Share.
2. Ola Marketing Campaigns
To market to customers who do not use the Ola App currently, social media
marketing, as well as youtube video campaigns, could be used. Social media helps
in reaching unprecedented numbers of people in a very short amount of time and at
very low costs, especially with creative campaigns like these!

Conclusion
Ola is India’s most popular platform for on-demand rides. However, it is closely
followed in market share by Uber and other small startups.
To ensure that it stays ahead of the competition, Ola needs to keep coming up with
new, practical solutions to improve the ease of mobility for its customers.
Our student identified different pain points for Ola and its customers and proposed
the solution, Ola Swift. This business model benefits riders, car owners, and the
environment. By crowdsourcing travelling services, Ola Swift combines the people’s
need for saving money with a low-cost high-efficiency business model. This will
enable the company to give better services to more people without any explicit
expenditure.
In the last few years, the emphasis on making environmentally friendly business
plans has increased manifolds. Ola Swift is a brilliant example of a socially valuable
and profitable business solution.
If you too want to create such great solutions for brands across the world, be a part
of IIDE.

If you found this article interesting and thought-provoking, please leave a like or
comment below and share your thoughts with us.

Reference: https://iide.co/presentations/ola-digital-marketing-strategy-with-ppt/

You might also like