Cab aggregator services like Ola & Uber have changed the largely fragmented cab transport market in india over the last couple of years. India being the world’s second most populous country with a growing economy has provided a large market in transport category to both the players to fight for dominance.
The battle for dominance has largely benefited the consumers with both Ola & Uber offering great offers & discounts to capture the large & growing Indian market. Both of them offer different types of cab service ranging from economic to luxury travel with varying prices and the users can choose based on the requirements. Both Ola & Uber have now also started ridesharing services for consumers which not only reduces prices for consumers but also would contribute to reduce carbon footprint.
Both Ola & Uber has really made travel easy and hassle free for consumers. Users can now book cabs with just a tap using their mobile applications and pay on the go using their wallet or online banking.
India’s cab business according to SoftBank Group will be close to $7 billion by 2020 and the battle for dominance in India has just started. We believe constant innovation in the segment will be the key in defining the winner.