SPUR App Compares Fares Among ComfortDelGro, Grab, Gojek
Mark Lim, 34, and Timothy Khor, 28, have noticed that prices for hail and hail tend to fluctuate erratically.
Rates were also different across apps, ranging from the Grab private rental app to the ComfortDelGro taxi operator.
For example, the rate shown on one app may be $ 2 to $ 3 less on another app for the same destination.
“That couple of dollars per trip can mean a lot, and that’s the power of the accumulation,” said Mark, co-founder and CEO of price comparison app SPUR.
A fascination with data prompted them to create an app
Both have always been fascinated by data and how it can be used to empower consumers.
They decided to consider building an aggregator business model around the ridesharing industry.
In April of this year, they launched SPUR, an app that aggregates and lists the fare ranges of three major transportation service providers in Singapore: ComfortDelGro, Grab and Gojek.
“SPUR was born out of COVID-19, a time when we wondered how to help commuters save money,” Mark said.
The name – SPUR – means to move forward, encourage and incite.
SPUR uses the Land Transport Authority’s open APIs (Application Programming Interface), which allow two applications to talk to each other.
The two co-founders have experience in creating startups and software.
Mark, an aerospace engineer by training, had spent eight years building Singapore’s first 3D printing company called 3D Matters. It has since been sold and is currently valued at seven figures.
Prior to starting SPUR, he was a co-founder and COO at an automotive tech startup from 2019.
On the other hand, Timothy is an accountant by training. He had spent two years building an all-in-one aggregate tourism app that was incubated and accelerated by both SPRING SG and NTUitive.
He also has four years of experience building Big Data Analytics for OCBC Bank and ThermoFisher Scientific, and has saved S $ 5 million annually.
He is currently the co-founder and technical director of SPUR.
How accurate is the application?
The SPUR app has shown that a ride from Orchard MRT station in Northpoint City costs S $ 16.18 to S $ 18.18 on ComfortDelGro and Gojek, and S $ 18 to S $ 20 on Grab.
A quick check of the respective apps showed S $ 16.20 for Gojek and S $ 19 for Grab, which was pretty accurate.
However, it showed S $ 18.30 (excluding ERP fees) on ComfortDelGro, which was slightly behind. With ERP fees included, it was over S $ 20 on the ComfortDelGro app.
“Currently we have no contact with Grab and Gojek because our algorithms are independent from them and we use data that is publicly available,” said Mark.
That is why they used the transactions of around 600 end users to define their price ranges.
Some of the app reviewers have mentioned that SPUR does not take into account the top extras for Grab and Gojek, and seems to show the default price range at all times.
It also does not take into account ERP fees for taxis.
Mark said he was encouraged by the comments and reviews he has received so far and that he “will continue to improve the app to serve them better.”
May include SMRT, Tada, plans to work with transport rental companies
SPUR currently has over 4,000 app downloads and sees nearly five users every minute on a daily average. This translates to approximately 4,300 events per day on the app.
He is currently looking to approach other ridesharing companies such as SMRT and Tada, to be included in the app.
As for other future projects, Mark said they plan to enter the last mile logistics delivery space and jump into fleet / route optimization for B2B transport companies.
“We also intend to connect with SMEs that run rental fleets, smaller taxi and limousine companies to name a few, and offer them as options available on the interface. of our application.
“We hope to be able to offer our users as many options as possible, while remaining independent of the major platforms,” he added.
He also did not rule out expansion abroad.
Expanding into Indonesia, Thailand or Myanmar – some of the main Southeast Asian markets – is also something they are currently considering.
Featured Image Credit: SPUR
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