Question

Discuss a few technological innovations of recent years that increased the comfort of human lives creating successful business ventures (hint: transportation/accommodation/taxi /telecommunication products/food delivery services).

Answer 1

Few Technological Innovations of Recent Years

• RedBus (Transportation)
  • RedBus application is the greatest innovation in the aspect of transportation.
  • It has brought the entire transportation system on online.
  • It was innovated by Indian Guy's
    • Phanindra Sama
    • Charan Padmaraju
    • Sudhakar Pasupunuri
  • This application provides you the entire transport system on online through redBus app on phone.
  • You can book buses from any pickup point to any destination which available.
  • It has created a huge impact on increasing human comfort and it has been delivering the best value possible to people.
  • Company valuation till date is : 800 crores or $138 million
• OYO
  • OYO is an recent sensation on providing accommodation to people.
  • This service has a business application and an application to deliver the value to the people.
  • It will provide you the best hotels with affordable prices to stay at.
  • This application will connect you to the hotel.
  • This application will act as like a mediator between the hotel which wants customers and customers who wants a hotel.
  • It has a huge impact on comforting human life.
  • It became so easy to search and find your desired hotel or accommodation to stay at affordable prices.
  • Company valuation till date is : $8 Billion
• OLA
  • OLA is an online cab or taxi booking platform.
  • It has brought up so much impact on human lifes.
  • It is entirely online application though you can book a taxi and it will come to you in desired time with effectiveness.
  • It has connected people and taxi/cab services in an effective way where there is no problem.
  • This application will work like, if you want to book a cab to go somewhere and you started searching it on OLA, the OLA shows you the available cabs/taxis in your location and it will connect it with your phone number.
  • Then the taxi/cab person will contact you and picks up you from your location to destination.
  • It has a huge impact on comforting human life.
  • Company valuation till date is : $6.5 billion
• The 5G
  • In the era of telecommunation, the new era has begun with 5G
  • This 5G communication will get you more strength to your signals and the communcation will become faster.
  • In some areas already this 5G network started and it has brought a huge response from people about the speed of internet through 5G
  • If it gets success rate as per the desire of telecommunication department, it will change the phase of the country
  • 5G network valuation till date: $4.2 billion
• Swiggy & Zomato
  • These two business has brought a mind-blowing business ventures and has placed a huge role on comforting people lives in food delivery services.
  • These two applications will deliver the food to you if you order them on online.
  • These two servies has connected people and the hotels, resturants and the other food offering hubs.
  • They will show you the available food on their applications though you can order food from you home and get delivered within stipulated time.
  • You will find discounts too on these applications.
  • These applications has connected people so well in an effective manner.
  • Within a short-span of time, these two companies has brought so much value and revenue till date by any company.
  • Zomato valuation till date: $3.4 billion
  • Swiggy valuation till date: $3.6 billion

I hope the above information and explanation will help you out to understand!

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