uber-competitors

Uber Competitors

Uber is an American technology company known for ride-sharing, food and package delivery, freight transportation, and bicycle and scooter rentals.

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Uber is a is two-sided marketplace, a platform business model that connects drivers and riders, with an interface that has elements of gamification, that makes it easy for two sides to connect and transact. Uber makes money by collecting fees from the platform’s gross bookings.
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Uber Eats is a three-sided marketplace connecting a driver, a restaurant owner and a customer with Uber Eats platform at the center. The three-sided marketplace moves around three players: Restaurants pay commission on the orders to Uber Eats; Customers pay the small delivery charges, and at times, cancellation fee; Drivers earn through making reliable deliveries on time.

Lyft

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Lyft is a transportation-as-a-service marketplace allowing riders to find a driver for a ride. Lyft has also expanded with a multimodal platform that gives more options like bike-sharing or electric scooters. Lyft primary makes money by collecting fees from drivers that complete rides on the platform.

Lyft was founded by Logan Green and John Zimmer in 2012, operating in 656 cities across the United States and Canada. The service is also available in a select number of cities within the Asian market, including Malaysia, Thailand, Indonesia, and Singapore.

Lyft is the second-largest ridesharing company in North America after Uber.

In addition to traditional ride-sharing and food delivery services, Lyft is also working on developing a network of autonomous vehicles with General Motors.

Curb

Curb was founded in 2014, formerly known as RideCharge in 2007 and Taxi Magic in 2009.

Importantly, Curb is an app-based service connecting consumers with professional, insured, and fully licensed taxi or chauffeur drivers. This makes it a rather unique Uber competitor as its business model is not seen as detrimental to the taxi industry.

Curb users can search for and book rides instantly, but the company also targets travelers by allowing rides to be scheduled up to 24 hours in advance. 

DiDi

DiDi is a Chinese ride-hailing service born from the merger of China’s two largest taxi firms. 

With over 600 million users and tens of millions of drivers, Didi is often referred to as the Uber of China. In addition to ride-sharing and delivery services, Didi offers automobile sales, leasing, financing, and maintenance. The company also offers fleet operation services and electric vehicle charging points.

DiDi was voted the most valuable start-up in 2017 and is the only company in China to see investment from the big three Chinese firms in Tencent, Baidu, and Alibaba. With successful expansion into other areas of Asia, Oceania, and South America, DiDi is a serious threat to Uber’s supremacy.

Cabify

Cabify is a Spanish ridesharing company founded in 2011 by Juan de Antonio.

Today, the company has a significant presence in major Spanish and Portuguese-speaking countries, including Spain, Mexico, Chile, Colombia, Peru, Panama, Brazil, Portugal, Ecuador, and Argentina.

Cabify gives consumers the option to select luxury or non-luxury vehicles. The company also offers larger vehicles for groups of up to 6 people. 

Cabify operates several ancillary services, including:

  • Cabify Express – an instant delivery service using moto-taxis.
  • Cabify Taxi – connecting users with local taxi services.
  • Cabify Bike – a bicycle transportation service for bike riders.

Ola

If Didi is the Uber of China, then Ola is the Uber of India.

Founded in Bangalore in 2010, Ola extended into New Zealand and Australia in 2018 and the United Kingdom the following year.

Ola offers different levels of ride-sharing comfort, ranging from economy rides to luxury travel. The company also has a strong focus on electric vehicles and is developing infrastructure to allow commercial EVs to operate at scale.

Unfortunately, Ola has not been immune to many of the issues facing the ride-share industry. The company has been criticized for a lack of transparent employee payments and for causing congestion in major cities.

Key takeaways:

  • Uber is an American technology company that has enjoyed first-mover status in ride-sharing and food delivery among other industries. However, the success of its business model and negative publicity has not gone unnoticed by competitors and the general public.
  • Uber’s main competitor in North America is Lyft with a 30% market share. Chinese company DiDi and Indian company Ola are also competitors with large user bases and access to significant investment funding.
  • Curb is also a worthy Uber competitor because it works with licensed and insured taxi drivers and chauffeurs. 

Read Next: How Does Uber Make Money, Uber’s Flywheel: Liquidity Network Effects, How Does Uber Eats Make Money, Uber SWOT Analysis, Uber And Lyft Business Models, Last-Mile Delivery: The Anti-Network Effects And Why It’s Such A Hard Problem.

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Gennaro Cuofano

Gennaro is the creator of FourWeekMBA which reached over a million business students, executives, and aspiring entrepreneurs in 2020 alone | He is also Head of Business Development for a high-tech startup, which he helped grow at double-digit rate | Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy | Visit The FourWeekMBA BizSchool | Or Get The FourWeekMBA Flagship Book "100+ Business Models"