Wed, 01 Feb 2023 Today's Paper

IFC to invest US $ 3-4mn in PickMe

25 April 2018 09:43 am - 1     - {{hitsCtrl.values.hits}}

A A A

  • Investment to be utilized for countrywide expansions


International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, is set to invest US $ 3 to 4 million in Digital Mobility Solutions Lanka (Private) Limited, the operators of PickMe, Sri Lanka’s largest ride hailing app.


“IFC’s investment will provide working capital for the expansion of company operations across Sri Lanka,” an IFC disclosure said.  This will be IFC’s first investment in PickMe.


Jiffry Zulfer Hassen is the founder and largest shareholder of Digital Mobility Solutions Lanka (Private) Limited. 


Other shareholders include Ajit Gunewardene, Lanka Orix Information Technology Services Ltd, Interblocks Limited, H Capital (Private) Limited, and Ruchi Gunewardene.


PickMe’s operations are currently focused on the Colombo area and Kandy and taxi hailing app based service for primarily five types of vehicles—three-wheelers, nano cars, mini cars sedan and vans.


The company also provides premium transport services (VIP rides) for special occasions like weddings, seminars, and to corporate clients etc.

Under the current operations, on-demand taxi hailing service is provided by a registered driver called ‘freelancer driver’ through the company’s mobile application. 
Any member of public, who owns a vehicle, can register with the company as a freelancer driver after meeting the eligibility criteria and passing the background checks. 


Once registered, the drivers are then free to accept pickup/drop requests from the PickMe mobile app, as per the terms and conditions signed with the drivers. 
Likewise, a customer can choose his/her pickup and destination locations and put a request on the PickMe mobile app which can be accepted by one of the registered freelancer drivers.


The company currently has around 20,000 registered freelancer drivers who are active on the network, have their own vehicles and are providing services on revenue sharing basis.


At present, the company’s operational assets include its corporate office space in Colombo and a small office in Kandy, both of which are leased spaces. The company does not have any other assets or buildings and it does not own any vehicles. 

 


Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 1

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka
  • jude perera Wednesday, 25 April 2018 10:08 AM

    PICK ME is a good project.But they are getting undue advantageous from drivers / public. They need a better competition to have better CSR


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Health System in the emergency room

Sandya Kumari from Kotahena has been experiencing chest pains since 2015 and

Canada’s targeted sanctioning of Gota and Mahinda

History was made last week when two former executive presidents of Sri Lanka

SC judgement on Easter attack: Court rules negligence stood in the way of avoiding most heinous crime

“On the ill-fated day of 21st of April 2019, this island home was awoken ru

Lasantha was a Fearless Editor who Spoke Truth to Power

Friends,Family members, colleagues, schoolmates and admirers of Lasantha Wick