Tue, 28 Sep 2021 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. 

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 1

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into 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




See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


A state-sponsored elephant racket in the works

A controversial new gazette has been issued seeking to employ elephants for w

Waiver of registration questioned: Import of covid related drugs, products shrouded in controversy

The National Medicines Regulatory Authority- the independent authority that r

Mysterious disease killing pups!

A mysterious respiratory disease affecting puppies in the Central Province is

Jacqueline Fernandez; Lankan Star Shining in Indian Film Sky

Sri Lanka’s Jacqueline Fernandez who has made a name for herself in India