Uber Takes Over Ola As The Largest Ride-Hailing Service In India
Dhir Acharya - Feb 11, 2020
In a meeting last week, Uber affirmed the importance of the key oversea market. Last year in India, 14 million rides handled by Uber week.
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In a meeting last week, Uber said it claimed its success in India, its key overseas market, with 14 million rides per week in the country.
In its quarterly earnings report, released on Thursday, the company declared that it was holding 50% of the total market share and was the leader of India's ride-hailing market.
To strengthen the claim, the firm cited its own internal estimations. According to a spokesperson, the ride-hailing firm facilitated 11 million rides per week in 2018.
This is an interesting comparison to make because Uber and Ola, its biggest rival in India, often seem to avoid mentioning the ride figure in the Indian market of their company.
Ola revealed in a blog post in 2018 that their platform served over two million people a day. This startup didn’t publish their new figure, but they confidently declared that their platform is the “largest mobility platform” in India.
The spokesperson of Ola affirmed that with the network of nearly three million driver-partners offering many choices among vehicles including two, three and four-wheelers, Ola has the ability to serve over 200 million customers in 250 cities and towns in the country.
Uber has sold Uber Eats’ India, its food delivery, to Zomato, its local rival for around 180 million dollars. This is considered a move that can help the firm focus better on the core ride-hailing business in India.
A spokesperson from the company shared that the ride-hailing firm is operating in 50 cities in India, but the number will expand to 200 this year and there will be two and three-wheeler services cross many cities.
Uber makes this move while Ola is one their way coming to one of Uber’s key markets, London and Ola said that they would start their operation in London on February 10.