Prydo Cabs will offer its services in three categories – hatchback, sedan and SUV and plans to expand to Delhi and Bangalore in the next six months.
Hyderabad-based real estate company Praneet Group launched a new cab-hailing service called Prydo on Thursday under the guidance of its tech startup Venkata Praneet Technologies Pvt. The surge-free cab-hailing service has already loaded 14,000 driver-partners and the official launch will begin on September 29.
Prydo Cabs will offer its services in three categories – hatchback, sedan and SUV and plans to expand to Delhi and Bangalore in the next six months. The company will expand its services to all metro cities by the end of fiscal 2019-20 and plans to invest Rs 100 crore in the next 12 months for national expansion.
Founder and MD of Narendra Kumar Kamaraju said, “With the launch of the Prydo, customers will get a surge-free service and cab drivers will have many benefits. To ensure the safety of riders, we have integrated Prydo Cabs app with the Telangana Government Hawk-Eye application. We hope to complete over one million rides in Hyderabad in the next three months. When we plan our expansion and are looking to acquire companies in other cities. “
Prydo Cabs charges a commission of 0-10 percent from driver-partners depending on the number of rides per month. The low/zero commission charges a large number of rides on a monthly basis to avoid pressure on them.
In addition, it also offers features such as guaranteed rides – this feature guarantees the user a cab at a predetermined time – a week, a month, etc. – at predetermined times; Bulk Rides – This is a feature made for special occasions.
Users can book a certain number of (large) cabs for those attending their functions – multiple pick-up points for a single destination and single pick-up points for multiple destinations; Return Compensation – Prydo assigns geo-fencing around Hyderabad and compensates the driver-partners for the distance of the geo-fencing area from the remote drop point.
Take Fees – Sometimes, a rider may not get a cab immediately when there is no cab in his / her surroundings. If the rider is willing to pay more for the cab, the driver-partner will be hired for a long-distance pickup and the rider will incur additional costs.