Uber and Ola's market dominance in India despite controversies, Ankur Bansal, co-founder and director of BlackSoil Capital said, can be attributed to: For Uber, India is one of the largest markets, with 600,000 monthly drivers and 8.5 million monthly riders, says a study by UK-headquartered consultancy firm PublicFirst last year. On an aggregate basis, Ola serves as many as a billion rides annually, through its platform, it said in 2018. Founded in 2011, by January 2018, it served 125 million users in India, through its network of over 1 million driver-partners that it hosted across 110+ cities. It's first funding round was on Apr 21, 2011. 'Ola and Uber continue to be the main players in the market because they have become synonymous with on-demand transportation and have a high density of partners.,' said Ashok Shastry, co-founder and CEO, DriveU.Īccording to Tracxn data, Ola has raised a total funding of $3.96 bn over 26 rounds.

However, despite these issues, these two platforms have been ruling the roost.Įarly-mover advantage is one of the key reasons behind their success in urban cities. Driver-partners have often gone on strike demanding better pay and working conditions. In addition to that, the cab drivers and the ride-hailing platforms have been at loggerheads since the beginning.

Any change in policy be communicated, in a timely manner.'.Ĭonsumers have also raised safety concerns and blamed these platforms for a lack of transparency. In an advisory, the CCI said, 'Formulate clear and transparent policy on surge pricing and dissemination of the same to both riders and drivers, including adequate transparency with respect to the sharing of revenue on account of surge between the drivers and the CAs. Last year, the competition commission of India (CCI) even asked cab aggregators to adopt self-regulatory measures to address concerns around surge pricing. For instance, these platforms have been blamed for surge pricing and cancellations. This is despite the scores of controversies that have surrounded them so far. Just like Zomato and Swiggy in the food delivery space, Ola and Uber have been dominating the urban mobility space for the last few years.

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