Is Sharing Economy Manufacturing the new ERA Entrepreneurs who aim to give back to Society?

March 22, 20192 min readwritten by Sutapa Mishra
Sharing EconomyEntrepreneursSociety

After the Colonial Period which brought the first category of entrepreneurs, many more business eras came and went. With the onset of millennial "dot com boom" we got new digital entrepreneurs where business was no more localized.

But the reality till then was that businesses have always been measured on profitability parameters. People only with profits or money at hand could only continue. However, as the economy is now drifting to a shared economy, gradually Entrepreneurs are shifting more towards strategic initiatives collation of user data rather than focusing on early revenue & profitability.

When we talk about the shared economy the major players that come into our minds are companies like Uber, Airbnb & Bla Bla. Here we believe they were just lucky. But the reality is that with limited resources and uncontrolled population, now the generation has started to find means to share these resources and restrict the adverse climatic effects.

When 16-year-old Greta Thunberg, who is nominated for global peace prize for Climate could understand the hardship then so can our talented entrepreneurs.

Developing countries like India, though still considered an infant in the field of sharing economy has also produced many entrepreneurs who instead of running behind money are focussing more on people. Some of the major initiatives in this field in India:

  1. OlA cabs – started in 2010 by Bhavish Agarwal & Ankit Bhati have brought the concept of shared cabs which has proved to be highly economical for many regular travellers.
  2. S Ride – started in 2014 by Lakshna Chadha Jha is a carpooling application that helps users to share the cost of travel thus increasing social connections among people.
  3. CarryMates – started in 2017 by Youmit Singh, Pushpendra Sijariya & Hitesh Kumar is a delivery service app which allows travellers just to deliver items for someone else at an economical rate.
  4. Awfis – started in 2015 by Amit Ramani is India's largest coworking start-up that has affordable seat prices and has currently become very popular
  5. GrabOnRent - started in 2015 Manish S. Sugandhi, Shubham Jain & Aditya Sharma is a simple renting business where you can rent anything to everything.

These are few examples of many such applications available in our market which are promoting more of resource sharing than over consuming.

Not only for the entrepreneurs but also the employees in these companies have added value to themselves and society. Portable computing and the cloud have made it possible for employees to work whenever and wherever they want. Mobility and choice have given employees a new sense of freedom in the workplace that has created an entirely new set of challenges. With many employees now working remotely, many companies find that it's no longer necessary to have a traditional office rather have meeting rooms and office rentals booked hourly or daily.

I salute these new age entrepreneurs who are hell bend to think out of the box and work more towards humanity making work easy & fun.

Sutapa Mishra