How much does it cost to build an Uber like App?

Uber-Like-App

#UberlikeApps are the new trend for the #ondemand economy. Everybody wants to either build #Uberfortaxis, #Uberforfood, #Uberforlaundry etc.  But why there is sudden demand for these ON demand apps. Every business today wants to build location based services to deliver convenience to their customers. As per the Mckinsey report, “20 to 25 percent of consumers would pay significant premiums (up to EUR 3, RMB 20, and USD 3 in the respective region) to receive their items on the same day.

For building any #Uberlikeapp, we will need 2 different apps and a backend system; both these apps should be available on both the mobile platforms. One app will be for a service provider app and another would be the consumer app.

For e.g. If you are building a taxi booking app like UBER, there will be a driver, a rider app linked with backend system for managing trips, bookings, fares drivers etc.

Significant Features for Uber like Apps

  • Location Mapping and Real time tracking

    It’s a must have feature for geo mapping the providers by which the consumers are able to track the providers real time.

  • Intelligent Matching Algorithm

    Intelligent Matching Algorithm allows you to match the consumer requests to the Right service provider.

  • Secured Payments

    All the payments need to be secured by integrating different payment modes for accepting payments via credit cards, PayPal or use payment gateway adaptors such as Stripe, Braintree, Paytm etc.

  • Route Optimization

    Route optimization will help to find the shortest path for the service provider to deliver his service as per the consumer request.

  • Service Management & configuration

    Service Management & configuration will be a backend tool to add/update/delete services which will be linked to the app. These will be the business services.

  • Fare Calculator

    Fare calculator will enable you to configure the fare rules and the system will automatically calculate the fare for each service rendered.

  • Reporting & Analytics

    Reporting and Analytics will help you derive meaningful insights from the day to day transactions which will help you to understand your business performance.

  • Accounting System

    Without this your business will be incapable to run. You need to have an accounting system to manage the incomes, provider earnings, pay-outs etc.

  • Service Provider Revenue System

    Service Provider Revenue System will help the service provider to understand his earnings, pay-outs from the platform and get deeper understanding into his transaction history.

  • Security & Encryption

    As per the new data protection compliances for different regions, your app needs to adhere into all these compliance.

  • Back Office System

    Back Office System is the core if you want to build an Uber like App. It is an information gathering tool about your customers, service providers which help you to know & manage the daily activities of this business.

  • Communication & Notification

    This is a must module which helps you to communicate with all the stakeholders of the business and create a system level engagement which helps your uber like app to grow.

  • Support

    A support system to address customers query.

How much an Uber like App cost finally?

MVP Uber like App cost

If you are looking to build a MVP for taxi booking app or for an Uber like apps for you to test the market, then taxi booking app starter package will cost your around  ~ 3,500 USD. With this cost, you are able to start and launch your business with 2 apps and understand the market and your business service model.

Enterprise Uber like App Price

If you are looking for a solution which makes your taxi business, laundry business or food delivery business to have an ON demand solution with all the above mentioned modules then the app cost would range from $20,000 – $40,000USD.

What should you expect with enterprise price?
          • 2 Native Mobile Apps for android and iOS
          • Backend System
          • Third Party Integrations for Maps, SMS, Payment Gateway
          • Push Notifications
          • Security & Encryption
          • Data protection compliances
          • Customized UI & UX to match up your brand needs
          • QA & Maintenance

Well, this pricing will give you a fair idea about the cost to develop any Uber like apps for any business. Having said this, it is very important to understand each business needs and customization they want to build for their On Demand apps like Uber to derive at a cost of entire solution. Any tech company or solution you choose should be able to scale as per the scale of the business. Lastly, you should choose an app development company who is able to drive your business growth of ON Demand based on their tech solution.

We have built Uber for taxis, Uber for laundry, Uber for deliveries etc.

If you are looking to build an Uber like app or a taxi booking mobile app for your start-up or enterprise, contact us or call us now at +91 98250 84654

We will be happy to hear and serve you!!

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5 Tips for building your own On Demand business

Source: Google
Source: Google

In the current economic scenario, businesses today are being forced to operate in a manner where minimum resources are driving maximum. These economic climatic conditions leads traditional businesses to rethink their business models, strategies and operations. If you see most of the new startups are formed leveraging this change by creating businesses having business model which are able to deliver faster, deliver more value, peer to peer transactions, enabling better customer engagement and building trust within communities.

#Uber, #Airbnb, #Amazon are classic examples of these collaborative businesses which are driving the On Demand economy. So, what does this On Demand economy brings to an end user and businesses, it fulfills customer demands immediately and builds trust based communities. Businesses cannot expect today customers to wait for services/products which causes inconvenience to them.

Future of On Demand?

The On Demand Economy is booming because it is attracting everyday more than 22.4 million consumers annually and $57.6 billion in spending as per the Harvard business review reports. The largest category of on-demand spending is online marketplaces (e.g. Ebay, Etsy), with 16.3 million consumers each month spending almost $36 billion annually. Transportation (e.g. Uber, Lyft) comes in second with 7.3 million monthly consumers and $5.6 billion in annual spending, followed by food/grocery delivery (e.g. Instacart) at 5.5 million monthly consumers and $4.6 billion annual spending.”

These numbers are an eye opener for us to understand the shift of the economy and how businesses or professionals will operate in the future. Businesses will need to adapt the changing wave, changing mind-sets of the consumers and deliver a personalized and quicker service to its consumers. Businesses which are ready to pivot as per their customer’s needs and satisfaction will be able to survive and be a clear winner.

Consumer Readiness For an On Demand apps

Do you remember the last few purchases you made? Were they through an app or through a call or offline? For me, they were all through an app. Thanks to the smartphones to bring this multifaceted revolution. For businesses to fulfill their customer demand on an immediate basis they should leverage the following aspects of the On Demand economy:

  • Technology Revolution with Smartphones
  • Geo – location of customers and Drivers with instant data transmission
  • A network Economy created by Google, Facebook, Amazon etc. which facilitates and gives access to a worldwide customer base.
  • Venture Capital Economy – made it easy for companies to raise funds.

Let’s say you want to buy a medicine for your sick parent at home while sitting in office and if you are able to buy and get it delivered at home in next 30 minutes. In this way consumer is happier to buy from businesses who is able to give him this convenience.

How to  build an Uber/Airbnb Clone?

First of all my advice to my fellow entrepreneurs who wants to build similar businesses like Uber for X or Airbnb for Y or wants to create an online marketplace or an On Demand solution for their products or services is to stop thinking tech and stop thinking that by just having an app will make your business successful. Yes, definitely tech will be a key role for you to establish speed in your business but it is not the only driver for your business success. Following are the key areas any entrepreneur or startup or businesses should look at before they venture into this Uber for X or AirBnB for Y model

  • Understand the industry problem at length, Build a solution and solve it.
  • Focus on removing friction that existed in transacting offline.
  • Focus on Delivering speed.
  • Technology alone is not the problem solver, it is an enabler
  • Understand the customer and their mind sets.

If you are startup, entrepreneur or a business who wants to build an Uber for X or AirBnB for Y, we would love to hear you out and get you connected with the right product expert of our Uber like app. You can get in touch with us at sales@iviewlabs.com

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