Ola will now be making profit on its every ride after taking into account expenses such as driver incentives and customer discounts in the home ground. The firm will be becoming ENTR (effective net take rate) positive. ENTR is an important metric for ride-hailing companies. Take rate is the commission charged by companies from their drivers and ENTR is the tax rate after removing costs such as discounts per ride. The firm is aiming to be profitable this year.
This woman’s story will leave you touched and inspired at the same time. Shared on the Humans of Bombay Facebook page, the post has received over 19,000 reactions, more than 1,700 shares and hundreds of comments. She got married when she was 23, divorced after a good 20 years of living together, built herself a new life in a new house, her story tells us that we do get second chances in life and miracles do happen when we least expect them.
The post talks about how she got married at the age of 23 and what led to her divorce. “We had a good 20 years together, but things started to change and we grew apart–that happens sometimes.”
Despite several difficulties, she figured out her way ahead. In a country where people prefer staying in a toxic relationship instead of giving divorce and living life on their own terms, the story of this woman may show light to readers.
Read her full story here:
“I met my husband when I was 20. We fell in love, and by the time I turned 23, I was married. We were the ‘it couple.’ We had a good 20 years together, but things started to change and we grew apart–that happens sometimes.
At the age of 47, we got a divorce and went our separate ways. Both my kids were abroad, so I started my life anew. I was lost… I didn’t know where to begin, I had never signed a cheque in my life, let alone live by myself. But I was eager to figure it all out by myself.
Things started falling into place organically– my friend called me about an opening for a French teacher at her school and just like that, after a brief interview I had a job! Every day I’d travel from Bombay Central to Chembur by bus to go to school. Then I’d take tutions, go to the gym and sleep late. I had a fire within me to live, I didn’t know how to put it out — I didn’t want to try.
I had a new dream…I wanted to own my own house. I had my eye set on this beautiful apartment with a great view. The view of the skyline, showing me the sunrise each morning was everything I wanted. With my savings, alimony, and a loan from my sister, I saved up for the apartment. And that’s how I got my own home!
Even though there was no furniture, it was in shambles, and I had to rebuild, I was ready to do the work. I got second-hand furniture and bought a mattress to sleep on the floor. Bit by bit, I bought things for the house and soon, it became a home.
Around 4 years later, one of my close friends told me that she didn’t like to see me live alone. So she signed me up on a homestay service. I didn’t even know how to use a computer, let alone use this platform. But I was ready to try new things– so I thought ‘why not?’
I began hosting people from all over the world! I’d go collect them from the airport, cook for them, make sure they’re well taken care of! And I guess my home was magic, because each and every person who left, left happy. A man we hosted is even inviting us for his wedding in Delhi! It’s amazing how life can keep surprising you. Through this, I also became financially independent.
The happiest moment by far was when I saved enough money to book a vacation for me and my daughter to South America! I felt free, emotionally, financially, mentally.
Since then, I plan one trip with her every year…it’s like the world has opened all doors for me. But let me tell you a secret- no view in the world is better than the one from my window — it reminds me of what I built on my own. And then I know, that life always gives you second chances and miracles happen when you least expect them.”
WhatsApp on Wednesday announced a tie-up with Invest India to promote Indian start-ups and said it would organise a start-up challenge in the country with the aim to invest in the top five participants of the competition.
“WhatsApp will invest quarter of a million dollars as seed funding to the top 5 winners of the WhatsApp Start-up Challenge,” an official statement said.
Also, the company would invest an additional $2,50,000 to a select few firms from the entrepreneurial community to promote their WhatsApp business number on Facebook.
Speaking on the occasion here, Union Minister of Commerce and Civil Aviation, Suresh Prabhu said that the start-up community is the future of India and it will be the platform through which “millions of youth of this country will be gainfully employed”.
Commenting on the partnership, Deepak Bagla, CEO, Invest India – the national investment promotion and facilitation agency – said: “India adds over three new start-ups a day, ranking it amongst the top start-up nations in the world. Through this partnership with WhatsApp, we aim to support the innovative start-ups in India and to create solutions not only for India but the entire world.”