InDrive could come to the Philippines

❓️ Who they are - InDrive is a ride hailing company founded in Russa but is currently in California. It recently raised $150 million from General Catalyst Partners, bringing its total value to $1.23 billion.

Some of its features include:

• ⭐️ Ability to select drivers (which also shows rating, vehicle and arrival time)

• 💬 Prices can be negotiated between drivers and passengers without penalties

• 🚗 Offers city rides, city-to-city rides, courier and freight delivery

🗺️ Plans for the future - InDrive is currently focusing on finding more drivers, who will receive a $10 fuel voucher and exemption from service fees for a certain period. They have plans on setting up in Bacolod, Baguio, Iloilo, Cagayan de Oro and Butuan,

🥊 Grab’s new challenge - Grab will be their biggest rival in the Philippines. They have 93% of the ride hailing market. 1200 drivers were also interviewed in 2022 stating that 95% intend to keep working as GrabFood delivery drivers. According to Glassdoor, a Grab driver in the Philippines also earns roughly P27,000 per month

73% of Gen Z and Millenials would buy from small businesses if they were more convenient

A study by GoDaddy, a webpage hosting company, released a poll to see whether small business and buyers agree with how they see each other

Here are some of the findings from the survey:

• 🏪 Only 21% of customers feel that shopping at small businesses is convenient

• 🛒 73% of Gen Z and 75% Millenials would buy from small businesses if they were more convenient

• 💳️ 75% of Gen Z and 82% of Millenials think Tap to Pay is important

• 🛍️ 73% of Gen Z and 83% of Millenials want “Buy Online, Pick Up in Store” options

• 📦️ 90% want free shipping

• 📖 60% are more likely to buy if small businesses share personal stories

Two Amazon executives quit within 1 year

✈️ 2nd to leave - Vaishali Kasture, head of AWS India, has quit after only 7 months in the job. She worked in Amazon for 5 years in total as the leader of commercial business at AWS India. There is still no released or confirmed reason behind it this departure.

⛵️ Jumping ship - Amazon India also lost another executive before Vaishali: Puneet Chandok. Puneet originally switched jobs to join a high level position at Microsoft India.

☁️ Cloud money - Both executives left the company despite Amazon’s plan to invest $12.7 billion to build cloud infrastructure in India by 2030. The investment was meant to contribute $23 billion to India’s GDP by 2039