Part 2/14:
Kaido begins by painting a vivid picture of the humble two-wheeler market in Bangalore, which surprisingly forms the backbone of India’s immense e-commerce ecosystem. These bikes, typically costing around two lakhs of rupees, are often financed through loans with interest rates of approximately 15%. For gig economy workers earning roughly 15,000 rupees monthly, the EMI of about 7,000 rupees is a heavy burden, especially considering their limited bank balances and scant credit history.