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New ride-hailing app Jugnoo lets drivers bid a price for rides

Its reverse bidding model aims to give more control to drivers and commuters

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Jugnoo co-founders Samar Singla and Chinmay Agarwal. The India-headquartered company is believed to be that country's third largest ride-hailing player, and profitable to boot.

Singapore

NEW ride-hailing player Jugnoo isn't interested in being a Grab or Uber. It wants to be a niche player in Singapore and is introducing a unique "reverse bidding" ride-hailing model that aims to give more control to drivers and commuters.

Samar Singla, chief and co-founder

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