Econet founder and chairman Strive Masiyiwa, has said that the Vaya service now has over 20,000 vehicles. He mentioned the milestone on his Facebook page as he explained the business model. He said the business model is like franchising and that it has similarities to the EcoCash agent business.
What Uber (and now we) realized was that you can partner with owners of vehicles, who will use their own assets (in this case, cars) to provide the service.
Uber has almost 4m cars on its platform. The cost of so many cars would be over $60bn if Uber had to buy them! This would obviously been totally prohibitive for any #StartUp.
Vaya now has 20,000 vehicles (after 6 months). That would have cost us over $300m just to purchase vehicles… This would have been totally prohibitive for us, too!
Vaya is a service that enables individuals to offer their cars to ferry people, goods and other things for payment using an App. Using the brand, Econet mobilised vehicles country-wide for the Cyclone Idai relief response.
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Strive Masiyiwa (born 1961) is a Zimbabwean born entrepreneur, and philanthropist. He is the founder and chairman of Econet Wireless International a global telecommunications group. In 2002, Masiyiwa made it to the Time Magazine List of Most Influential People, and in March 2014, he was... Read More About Strive Masiyiwa
Econet Wireless Zimbabwe, a subsidiary of Econet Wireless International, is the first and largest mobile network services provider in Zimbabwe. The telecoms giant became popular with its products and services such as Buddie. It has established branches in different corners of the country and enjoys... Read More About Econet