Skip to main content

Uber is on growth fast track, India is second biggest market

Uber is on growth fast track, India is second biggest market
Uber is on growth fast track, India is second biggest market

Uber started its India operation in 2013 where its rival OLA started operation in 2011. Today OLA has bigger presence and doing more number of trips per day then Uber. Uber expading its business and user base very fast. Currently it operates in 20 Indian cities where guwahati   (first north east city indian  for Uber ) and vadodara (a gujrati city between ahmedabad and Surat uber is present in both cities.)is new addition. Uber will expand upto 50 cities by year end.

Uber its city presence Uber is expanding its payment options as well. Yesterday they have announced to tie up with Airtel Money as alternative payment to Paytm Wallet.  Uber's other payment options are cash, credit card, debit card available for all indian city. Uber is testing Cash payment system totally new to the Uber system, Uber changed its philosophy of cashless travel in India.

Indian passengers are not comfortable with credit card / debit card payment, so Uber introduced Cash payment system like OLA already has but some of the drivers complain about his feature as some of the customers are rigid in paying the fare if surge is applied or they had first free ride but not applied correctly due to some reason .(How to Set location properly to apply first free ride).

Uber is more aggressive than most. The ride-hailing service currently operates in more than 60 countries. In the U.S., you can hail an Uber in more than 150 cities. The company recently said it plans to spend $1 billion in China and another $1 billion in India to grow its business. Chief Executive Travis Kalanack said he expects the China market to exceed the market in the United States.

That's got some observers worried.
"When everyone has the Uber app, every driver is using Uber, and everyone is connected through Uber, there's going to be no room for anyone else to start a dispatching service," said Evan Rawley, associate professor at Columbia Business School.
At that point, the company can increase its rates and reduce its spending on subsidies.
"It's bargain-then-rip-off pricing," Rawley said. "Classic network effect."
Still, Uber faces stiff competition in India and China, where one ride-hailing company, Didi Kuaidi, is partly financed by China's sovereign wealth fund.

Uber is on pace to collect $2 billion from riders this year

Uber's 20 percent cut from the cost of rides it provides should add up to $2 billion in revenue this year, a nearly tenfold increase over 2013, the latest in a series of leaked financial documents suggest.

Revenue could top $5 billion in 2016, also according to an investor presentation obtained by Reuters.

Most important links to check next ...

Still looking for ideas: 7 ways to save money while shopping online 

Popular posts from this blog

How can you regain access of your Uber account once it's disabled?

Update: Banned account is a pain, I have many friends who got locked out form Uber due to suspicious activity, some got their account enabled again after some conversation with Uber support and mostly are banned for life. Here is one scenario when you account may get banned. Read this story till end to get the idea.

Q. How can you regain access of your Uber account once it's disabled?

Recently uber had this scheme of "refer someone, that refferal gets 600 credits and you get 600 when he makes his/her first ride".

I made many people join , though all refferals were real and accounts were created with their permission and presence but all accounts were created from my phone .

I earned many credits. But soon my account was closed down.
Now whenever I try logging in from any acount in my phone  it gets banned within few minutes.

Is there any solution or any hack to avoid this and get my acount back ? I still have 5k credits left in my account and I desperately want it.


Best Uber First ride free promo code valid worldwide provides latest, verified uber promo code for sign up with first free ride worldwide. You will get free ride worth as per your current city only such as $20, £ 15, 3 ride worth Rs 75 each for India etc. Uber mobile app detects device location automatically.

उबेर प्रोमो कोड | अधिकृत, सत्यापित छूट का कूपन | आपकी पहली ट्रिप मुफ़्त है (जानकारी हिंदी भाषा में )

How to book UBER ride without Mobile App and Pay in Cash

This uber post explains the use if mobile ride booking website. Uber added a new option recently to its website to book ride online in mobile or laptop without using mobile app. This site makes it pretty convenient.