- Our Philosophy
-
Offerings
Portfolio Management Services (PMS)
- Insights
Blade, a helicopter rides app, is expanding into India, its first non-US market. Blade has done some number crunching which shows what those of us stuck in traffic jams in Mumbai have known all our lives:
“Constrained by its peninsular geography, Mumbai is India’s most congested city, with about 1500 registered vehicles per kilometre of road. Blade said the traffic problem made it the logical first foreign market for the company.
To gauge potential demand for the route, “we tend to look at the ratio of the helicopter flight time to the average drive time,” said Will Heyburn Blade’s head of corporate development. “We’ve just never seen metrics like we’ve seen in India. You’re talking about 40-minute helicopter rides that are replacing four-to-eight hour drives.”…One of the company’s first two routes will be the 190km between Mumbai and Shirdi, a pilgrimage site. The second will allow business travellers to….[travel] between Mumbai and industrial hub of Pune, 120km south-east.” [Brackets are ours.]
If you want to read our other published material, please visit https://marcellus.in/blog/
Note: The above material is neither investment research, nor financial advice. Marcellus does not seek payment for or business from this publication in any shape or form. The information provided is intended for educational purposes only. Marcellus Investment Managers is regulated by the Securities and Exchange Board of India (SEBI) and is also an FME (Non-Retail) with the International Financial Services Centres Authority (IFSCA) as a provider of Portfolio Management Services. Additionally, Marcellus is also registered with US Securities and Exchange Commission (“US SEC”) as an Investment Advisor.
MORE FROM Oct WEEK 2
MORE FROM Oct WEEK 2