Market Share of Ride-Hailing Industry
The ride-hailing market is dominated by several key players, such as Didi Chuxing Technology Co., Uber Technologies Inc., Lyft Inc., Grab Holdings Inc., Cabify, Bolt, inDrive, Gett, and Ani Technologies Pvt. Ltd (OLA). These players are actively engaging in mergers and acquisitions, geographical expansions, and introducing advanced features in their ride-hailing platforms to enhance customers' convenience. For instance,
- In June 2023, the South Korean ride-hailing platform TADA, operated by VCNC, introduced an English-language service to its app to simplify the user experience for international customers. The English-language functionality also extends to situations where a foreign user is not directly hailing the taxi, but a friend or acquaintance uses the "call for me" feature on their behalf.
- In December 2023, the Karnataka government in India planned to launch its ride-hailing app, similar to Ola and Uber, which was expected to be open to the public by February 2024. This decision came after taxi and auto drivers voiced grievances against private ride-hailing platforms in August 2023.
Ride-Hailing Market Leaders
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Uber Technologies, Inc.
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Lyft, Inc.
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Grab Holdings Inc.
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Bolt Technology OÜ
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SUOL INNOVATIONS LTD (inDrive)
*Disclaimer: Major Players sorted in no particular order
