Time For Indians to Get on Their Bicycles. 4 Things to Know Today

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Former Associate Editor, Entrepreneur India
2 min read

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1. India is the sixth wealthiest country in the world according to a report by AfrAsia Bank. Counting India among the fastest growing wealth markets, the report said India’s wealth could balloon by 200 per cent in the next 10 years helped by factors such as large number of entrepreneurs along with good education system.

2. Apple co-founder Steve Wozniak is a man who doesn't mince words. At a recent conference, he said that Ethereum could be the next Apple. Wozniak believes that if used to its full potential, Ethereum can be as influential as the tech giant.

3. Chinese bike sharing startup Mobike is all set to hit the Indian roads, with its trademark orange bicycles. The Tencent-backed company is starting its India journey with New Delhi, Bangalore and Ahmedabad. Among other bike-sharing startups, Mobike is the second Chinese bike-sharing startup to enter into India after Ofo started operations last year giving a tough competition to Indian players including Mobycy, Yulu, Letscycle and Ola’s Ola Pedal.

4. Talking about cycles, it’s time for Indians to get started on their bicycles. Petrol and diesel prices hit record highs with Mumbai paying INR 84/L and Hyderabad paying INR 76/L.  

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