In 2011, a 30-year-old former Infosys employee, Aprameya Radhakrishna, along with a partner, launched taxi-hailing app TaxiForSure (TFS). The Bengaluru-based company was soon one of the top two players in the segment, raising around $44 million in five years from prominent global investors.
“(It’s possible) you’re riding on a high and you end up picking the wrong market,” said Sanchit Vir Gogia, founder and CEO at Greyhound Research. “Sometimes, you also carry baggage from past experiences from a totally different time and totally different industry. Trying to force-fit learnings from the first company into the second one is a big mistake.”
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, an award-winning global research & advisory firm. To read more about him, click here.
Have a question on this or other Digital Transformation topics? Click here to set up an enquiry call with Sanchit Vir Gogia.
Copyright © 2018 Greyhound Research. All rights reserved. You may share this research note using the options made available. Please don’t copy this research note (complete or parts) and distribute over the web and emails. Connect with us if you need clarifications.