International property consultancy JLL, one of India's proprietary Real Estate Technology Investment verticals has announced an investment in NCR-based Cloud1 Enterprises (www.cloud1.in), an end-to-end cloud based platform that enables corporates to deploy telematics technologies to bring efficiency to employee transportation.
JLL India's recently established structured vertical makes proprietary investments into early-stage technology companies with the potential to disrupt the real estate business.
Anuj Nangpal, Head, India Real Estate Technology Ventures, JLL India says, "Estimated at US$ 2 bn in India alone, the employee transportation sector is currently highly fragmented, inefficient and opaque. The potential for further optimization of company transportation costs via data analytics and telematics is phenomenal. Functionalities like mapping and routing have become basic features throughout the globe in this industry. Cloud1 will focus on data integration with traditional fleet management systems to convert telematics insights into fleet productivity."
Cloud1's business model is not predicated on a high customer acquisition cost and corresponding burn rates as a result of deep discounting. Proprietary algorithms allow intelligent utilization of vehicles and real-time trip monitoring, which enables Cloud1 to squeeze ultimate efficiency out of the value chain and offer employers a dedicated trip based model.
Sumir Anand, Co-founder, Cloud1 says, "Adhering to global standards of compliance and transparency, Cloud1 - unlike other technology providers - has made up-front investments to tech-enable vehicles which are supported by a 24 x 7 Command Center. Our platform and solution completely de-risks our clients from having to invest in technology. The grey area of employee transportation is one of the Indian industry's biggest pain points; with Cloud1, we envisage a paradigm shift in this daily necessity - and the substantial operating expense it usually involves. We have invested over 18 months in developing and perfecting the platform."
Anuj Nangpal, said, "Cloud1 offers a managed services model to its clients via a telematics-enabled employee transport platform seamlessly integrated into the vehicle. With an entrepreneurial team of seasoned ITeS professionals with combined domain experience of over 70 years, Cloud1 has developed an accountable service delivery solution with practical and real-time tools to solve the transportation problem for BPM and InfoTech companies who currently rely on a unstructured vendor base for the daily commute of several lakh employees. Cloud1 seeks to offer the safest, most reliable and cheapest technology-enabled solution to corporate transportation teams. Thus, this investment is perfectly aligned with JLL’s commitment to offer technology-based services to the industry."
Sumir Anand said, "Inefficiencies in the existing system add up surprisingly quickly. The strategy is not to disintermediate but to share technology lead savings with all stakeholders - including drivers, vendors, corporate and employees. We are currently focused on capturing key employee clusters in the NCR market, and will use a part of these funds to explore expansion into new key cities. The strategic alliance with JLL will provide us deep access to the decision-makers in the industry. The synergy is obvious."