Uber Picks up Pace Narrowing Gap with Ola
Taxi aggregator achieves 9.4 million trips a week in July, up from 5.5 million trips in August last year
Bengaluru: While the world’s largest ride-hailing service was battling a crisis at its headquarters in San Francisco, Uber was riding a growth spurt in India.
The taxi aggregator, which recently completed 500 million trips in India after four years in the country, said it achieved 9.4 million trips a week in July. In August last year, Uber was clocking 5.5 million trips a week.
With this surge in trips, Uber appears to be fast narrowing the gap with market leader Ola — although analysts estimate the Indian company with its higher average fares still has an edge in terms of revenue. Breaking the numbers down further for comparison, Uber handled 1.3 million rides a day in July across the 29 Indian cities it operates in, including its shared cab rides, senior company executives told ET. Ola didn’t share trip numbers.
“In the last 12 months, we as a firm have been focused towards driving efficiencies and improving the overall product experience, while strengthening our engagement with riders and driver partners across the country,” an Uber spokesperson said by way of explaining the company’s growth in India.
Uber said it has 450,000 registered drivers on its platform — of whom 285,000 were active in July — while a spokesperson for Ola said the company had 800,000 driver partners.
“Ola continues to be the market leader in the ride-sharing industry. We are constantly growing our wide range of made-for-India categories… across and beyond the 110 cities we are present in,” Ola’s spokesperson said.