UTOO Cabs gives ₹15-20L apartments to drivers
In a bid to retain drivers, Chennai-based taxi-hailing service UTOO Cabs is giving its drivers ownership of apartments costing ₹15-25 lakh, where drivers would have to pay 10-15% of the apartment's cost. If the driver does not have the money, he would need to complete 5,000 trips, which takes about 12-18 months. The company claims to have purchased 200 flats. 