Rastey cab has launched its cab-hailing service in 120 cities in India with a fleet of 15,000 cabs, the company said in a statement. The Delhi-headquartered cab service has been operational since 2013, but it had been working exclusively in the corporate space. The company said that it provides end-to-end solutions to its passenger with its system which has technologies like machine learning and AI in place. "It has an automated assigning, monitoring, billing, alerts, notifications, tracking, threat management and many more, " the company said in a statement. Details about how AI and machine learning will be used are extremely vague at the moment, but these buzzwords are the toast of the town. Competition Rastey will face stiff competition from the two goliaths in this space Ola and Uber. But the one advantage that Rastey will have is that Ola serves 106 cities currently and that number includes cities in Australia. Uber is only operational in 30 cities in India, a third of the total number of cities Rastey plans to operate in. But in major cities, where all three operators will overlap Rastey will have a stiff challenge to acquire customers. In his recent trip to India, Uber’s COO Barney Harford, said that the company will be doubling its investment in India and will infuse in funds of an undisclosed amount to expand its products, partnerships and employee base in the country. And, that Uber has clear strengths in the Indian market and that it see a huge potential in the market.…
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