Advertisement
Saturday, Oct 16, 2021
Outlook.com
Outlook.com

DRIFE CEO & Founder Firdosh Shares The Story That Made Her Start The Ride-Hailing Platform

With the help of blockchain technology, DRIFE provides market-driven pricing for rides through a complex system that incorporates demand, user rating, and other factors.

DRIFE CEO & Founder Firdosh Shares The Story That Made Her Start The Ride-Hailing Platform
DRIFE CEO & Founder Firdosh Shares The Story That Made Her Start The Ride-Hailing Platform
outlookindia.com
2021-09-24T19:05:43+05:30

The blockchain industry has been gaining popularity in the past few years as people today find ways to help them grow in their business. One such venture is DRIFE - a blockchain-based ride-hailing platform founded by Firdosh. With the help of blockchain technology, DRIFE provides market-driven pricing for rides through a complex system that incorporates demand, user rating, and other factors. Their main aim is to give the rider and driver an optimal experience.

There are many ride-based apps and companies worldwide. But we have seen the news on how the riders often state that they don't get paid enough. DRIFE's primary goal is to tackle the issue as it is built to end low wages and high demand for drivers. They plan to achieve the same by offering 100% of the fare straight into the drivers' pockets. About the same, DRIFE CEO and Founder Firdosh says, "When 100% of the profits go to drivers, costs can be slashed, and the riders also stand to pay less for a higher quality experience."

There's an interesting story that planted the idea of DRIFE in Firdosh's mind. The CEO shared, "One evening, I was on a late-night Uber ride and shared a heartfelt moment where the driver shared his experience struggling to make ends meet driving long hours and facing increasing commission rates imposed by the Uber platform. From that very moment, she was affected. I was employed at Microsoft Financial Analyst, but I dropped everything to take the broken ride-hailing industry head-on."

The CEO further added that she was taken aback after learning how the ride industry functions and how much the riders get paid. She stated that a recent MIT study statistics showed that at least 75% of Uber and Lyft drivers worked with minimum wage, exposing a much greater problem that only an innovative platform like DRIFE could solve.

 

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Kerala: Atleast 10 Missing In Kottayam As Torrential Rain Hits Hard, IAF Assistance Sought

Kerala: Atleast 10 Missing In Kottayam As Torrential Rain Hits Hard, IAF Assistance Sought

Landslides have been reported around the areas of Koottickal and Peruvanthanam, the two hilly areas falling under Kottayam and Idukki districts respectively.

'I Am A Full-Time And Hands On President': Sonia Gandhi To 'G-23' At CWC Meet

'I Am A Full-Time And Hands On President': Sonia Gandhi To 'G-23' At CWC Meet

She also asserted that every member of the party wants a revival of the Congress, but that requires unity and keeping the party's interests paramount.

India 'Mentor' Dhoni Ready To Set Template For CSK

India 'Mentor' Dhoni Ready To Set Template For CSK

Dhoni has been pretty ambiguous about his future as an IPL player. And the new role with India will help him decide which route to take.

Singhu Border Lynching: BJP Says ‘Anarchists’ Behind Farmer Protests Need To Be Exposed

Singhu Border Lynching: BJP Says ‘Anarchists’ Behind Farmer Protests Need To Be Exposed

BJP's IT cell chief Amit Malviya said ‘anarchists behind these protests in the name of farmers need to be exposed’.

Advertisement