Making money from putting four people in a car

For 10 long years, quietly tucked away in Bengaluru, MoveInSync has been slogging to solve the problem of employee transportation.

12 February, 202022 min
0
Making money from putting four people in a car

Why read this story?

Editor's note: The drudgery of going to work is a ritual as old as modern, urban life itself. Seen purely from the lens of mobility, human beings have come a long way in the last few hundred years. From horses to carriages to rail to a whole host of inventions aspiring to meet the ever-increasing comforts of the personal office-goer. In India, Ola and Uber and a host of lesser known startups covering pretty much all modes of transport—from buses to two-wheelers—are trying to solve the problem of getting people from point A to B. A man like Deepesh Agarwal, however, thinks here’s a specific problem to solve and profit from.  I met Agarwal, co-founder and CEO of MoveInSync Technologies, at his office in Bengaluru’s HSR Layout. Even though it is a 10-year old company, chances are you’ve never heard of it. Unlike its neighbours Udaan, the B2B e-commerce company, and Cure.fit, a fitness startup that combines gyms, food delivery and meditation; both are valued in the billions of dollars. A simple explanation for MoveInSync is that it is a mobility company. …

You may also like

Business
Story image

Saudi Arabia plans a big spend for 2026 too, amid weak oil prices

The kingdom approves its awaited state budget for next year, the Emirates records a new high in economy and Yas Island goes driverless, among other updates.

Internet
Story image

FabHotels pivoted to corporate travel for survival. Can it grow?

The challenges of running a budget hotel chain in India forced the decade-old company to quietly shift its focus to a travel management platform for corporate travellers. Now it must face challenges of another kind.

Business
Story image

Duroflex wakes up as Wakefit closes in on an IPO

The six-decade old mattress maker files its draft IPO papers just as Wakefit wins approval for a public market debut—setting up a bruising battle for the No. 2 spot.