RIDEGURU
New round of funding, lead by Daimler at $175M. Uber's gotta be quaking a little bit. They are spending their time adding 911 buttons to their app... maybe they need one for themselves.
Taxify, which has grabbed business from Uber in Central and Eastern Europe and major African cities, said it will use the investment to develop its technology and further penetrate its existing regional markets. It counts 10 million passengers and 500,000 drivers in the more than 25 countries where it operates.
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I can't even keep track of all of these companies now. But it seems like Uber is definitely going to be facing some big challengers in the coming few years. Didi and Ola are huge, and are making big plays. Europe is another breeding ground. Lyft is gaining ground on their home turf.
Yeah. Uber's gotta be runnig scared, and as you rightly point out they are spending a lot of effort fixing their PR problem at home. I'm sure Dara's got his eye on all of this but it will be interesting to see how it plays out.
We all knew Uber's business model could be easily copied. So I'd like to think this wasn't a surprise for anyone, especially people at Uber I mean, they couldn't have believed that they would dominate in every market, did they?
I'd like to think Uber's valuation took that into consideration originally?
One of the reasons these big companies are popping up everywhere is due to their ability to leverage existing taxi companies and drivers. Look at 99, Grab, Meru, and Didi. They all played nice with taxi authorities and companies, and were considered as the taxi aggregators before we all realized they were Uber-like.
Their pricing similar to taxis, they were making sustainable economics behind it too
In contrast, Uber fought taxi companies and destroyed them in US and everywhere they went, with their predatory pricing and putting taxi companies out of business. As a result, the markets crumbled and regulations kicked in hard, and now what they have is a bunch of taxis but this time with super low pricing, while they lose craploads of money.