Satyendra Pandey and Pratik Modi
The service, registered as the Multi-State Sahakari Taxi Cooperative Ltd, is backed by the National Cooperative Development Corporation as well as seven other leading Indian cooperative institutions: Amul, NDDB, NABARD, IFFCO, KRIBHCO, NAFED, and the National Cooperative Export Limited. These institutions have jointly committed $9 million, out of an authorized capital of $34 million. The cooperative’s area of operation will span Gujarat, Maharashtra, Delhi and Uttar Pradesh, and 200 drivers across four states have been onboarded.
The taxi service – it will reportedly be launched under the brand “Bharat” – marks an important development in how the gig economy might evolve and participate in India’s growth story. It represents a rare attempt to build a digital platform where the drivers are not just service providers but also co-owners of the business.
India’s ride-hailing industry has grown rapidly over the past decade. Taxi services are expected to grow from $20.5 billion in 2024 to over $61.5 billion by 2033, offering urban consumers convenience and affordable transport.