Uber, better known as Uber Technologies, is an American company that has revolutionized the transport industry. The company is an upgrade from the normal taxi business, requiring an app to book a taxi. The headquarters of Uber is located in San Francisco, with over 900 operations in metropolitan areas globally. Over the years, Uber has expanded its operations from transport to food delivery, covering about 20% of the market. Uber relies heavily on technology to undertake its operations, making it susceptible to competition. The following is a list of the top ten companies similar to Uber.
Gojek is an on-demand multi-service platform located in Indonesia. The company offers several services, such as GoRide, an online service providing motorcycle services. Likewise, the company operates Go-Car, an operation unit that offers ride-hailing services. Regarding food delivery, Gojek operates Go-food, a food delivery company. The headquarters of Gojek are found in Jakarta, Indonesia. It operates in other countries, such as Singapore, the Philippines, Thailand, and Vietnam. Gojek is one of the main competitors in South East Asia's ride-sharing and food delivery market. According to Gojek, the company has widely benefited from financial support from top institutions such as Google, Facebook, Sequoia, and Paypal.
In 2020, the company reported about 170 million registered users in Southeast Asia. The following year, Gojek completed its merger with Tokopedia. Research shows that Gojek has contributed to the rise in the living standards of its drivers. On average, a full-time driver earns 3.48 million rupees a year, which is one and a quarter times higher than the minimum wage in the country.
DiDiChuxing, simply known as DiDi, is a Chinese taxi company located in Beijing. It is considered the biggest shareholder in the Chinese ride-sharing company. The company boasts of having 550 million registered users. Besides transport, the company also focuses on app-related transport services such as bike sharing, private car hailing, social-ride sharing, and taxi-hailing.
Additionally, DiDi has ventured into new sectors in automobile services and providing on-demand delivery services. This company has its headquarters in China, but other service outlets exist in countries like Australia, Japan, Taiwan, Russia, Mexico, Egypt, and Hong Kong. It has the same level of operation as Uber in terms of revenue and social impact. Despite this, Uber holds 12.8% of DiDi's total market share. If you are a car owner, renting your car makes it possible to earn income with DiDi. At the end of the month, the company will pay you a percentage of the money earned through the vehicle.
8. Ola Cabs
India has its own Uber called Ola Cabs. According to CB Insights, Ola is a ride-sharing company based in Bangalore, India. The company focuses its operations on food delivery services and vehicles for hire. This company is considered the biggest competitor of Uber in the Indian market. It has expanded its operations to other countries like New Zealand, Australia, and United Kingdom. Ola started in 2010, a year after Uber launched its operations. The company expanded quickly and acquired similar companies such as Foodpanda and TaxiForSure to counter competition. At the end of the financial year of 2019, the company reported net revenue of $360 million. It is estimated that Ola Cabs serves an average of 150,000 customers every day. They also hold half of the Indian market share.
Ola Foods is the food delivery unit of the company. The segment started in 2015, exactly five years after Ola launched its operations in India. Over the years, the company has witnessed growth in food delivery orders. The growth can be attributed to the acquisition of Food Panda in 2017. The company experienced some hitches where this growth significantly declined in 2019, forcing the closure of Ola Foods. Despite this, the company still operated Food Panda.
Curb is a US-based ride-sharing company with similar operations as Uber. The company may not be as popular as Uber, but it has grown to capture the attention of many clients in this industry. It initially launched its operations in 2007, known as Ride Charge, and later changed to Taxi Magic. In 2014, the company decided to register its name as Curb Taxis. Curb prides itself on being the pioneer of the ride-hailing way before Uber introduced this service. The company's founder is George Arison, who decided to start a company that offers convenient transport services. He came up with the idea of customers using mobile app technology to order or hire a taxi.
Besides Curb, George also founded Shift, a company that trades in the buying and selling of second-hand cars. Curb's revenue and market capture cannot be compared to that of Uber, but it is a good company with similar features and modes of operation. According to Crunch Base, continuous consistency and expansion have seen this company rank in the top 50 in App Store and Android Market Tour and Tourism category. Part of its expansion strategy entails using Curb Passenger Information Monitor, an advanced credit card payment technology. CPIM has a section for video entertainment. The company's size is incomparable to Uber since it is much smaller but has an excellent ride experience.
Grab Holdings is a Singaporean ride-sharing, grocery, food, and package delivery industry. The company started its operations in Singapore in 2012. It has two headquarters in Indonesia and Singapore. The operations of the company are not limited to these two regions. They have their services in countries such as Thailand, the Philippines, Vietnam, Cambodia, Malaysia, and Myanmar. Its technological services make it the largest startup in South-East Asia.
Grab also serves 400 metropolitan cities. The company is similar to Uber because you have to download their app to request a service. Unlike other ride-sharing companies, which suffered a major blow during the Covid-19 pandemic, Grab reported increased demand for their services. If you find yourself in South East Asia, this is the best company and the better alternative to Uber in this region. Grab's mission is to make every day better. Part of their operations is to offer food delivery services. If you have any cravings, Grab Food is there for you, and they will make sure they deliver it to your doorstep.
Bolt is one of the leading companies similar to Uber. The company's popularity in car-sharing, vehicle hire, micro-mobility, and food delivery cannot be underestimated. Bolt has its headquarters in Tallinn, Estonia, where it controls the company's operations. Bolt has expanded its operations to serve 45 countries and over 300 cities. Various company platforms exist in Africa, Europe, Latin America, and Western Asia. Bolt is estimated to have 75 million registered users globally and over 1.5 million competent drivers. Bolt began its operations in 2013 with the name Taxify.
The company's main goal was to unite all taxis in Riga and Tallinn on one platform. However, throughout the years, the company has significantly grown and expanded its operations capturing different markets in different parts of the world. Bolt is similar to Uber and is considered one of the best alternatives. Their pricing is cheaper, and they have a similar rewarding system for drivers. Europe has a wide food delivery market. According to Cnbc, in 2020, Bolt launched its food delivery service unit for takeaway services competing with Uber Eats and Britain's Just Eat.
4. Yandex Taxi
Yandex Taxi is a popular Russian ride-sharing company offering different types of internet-based services and products. The company is estimated to provide its clientele with over seventy different types of services. One of the main services offered by the company is Yandex Taxi, a recognized operation dealing with taxi aggregation and food tech business. The headquarters of the company are located in Russia. Yandex Taxi prides itself on expanding its operations to other countries such as Africa, the Middle East, and Eastern Europe. Besides this, the taxi company is considered one of the biggest developers and leaders in establishing self-driving technology.
This is also one of the main areas where Uber has heavily invested. Integrating self-driving technology is the main aspect that makes Yandex Taxi similar to Uber. Since 2018, the company has completed over one billion rides from approximately 36 million registered users. In other words, Yandex Taxi is classified as the Russian Uber. Apart from transport, the company has a well-established food-tech sector Yandex. Eats for food delivery. Through this chain, the company offers food delivery and super-fast grocery delivery services through Yandex. Lavka. As of 2020, the company has started planning to incorporate AI-infused propriety hardware.
3. Via Transportation
Via Transportation, or simply Via, is an American Transit-tech Company. The company has its headquarters in New York City, and they offer logistics and global public transport. Via is big on technology, and they are known to license and lend its technology to other sectors such as educational institutes, transport authorities, cities, and private organizations. Its operations may be similar to that of Uber; the only difference is Via specializes in offering services at a local level. Their services mainly target individuals traveling in the same direction but towards different places.
When it comes to pricing, Via services are inexpensive compared to Uber. They also have a better compensating commission for their drivers. Since its founding in 2012, the company has significantly grown and established its business model. According to BStrategy Insights, its operations are slightly lower than that of Uber, but it features in this list because its services are very similar. One of the company's main marketing strategies is differentiating itself in the ride-sharing industry and offering convenient and multi-passenger rides. The company's main mission is to look at passengers and drivers and organize the fastest, safest, and least cumbersome multi-passenger rides.
As the world swiftly embraced ride-sharing companies, Spain was not to be left behind. Cabify is a Spanish Uber that has proved itself to be one of the main competitors of Uber. Its operations are very similar to Uber's. They have a mobile app where clients request or hire vehicles. Since its inception, the company has expanded its operations to other countries, such as Brazil, Colombia, Peru, Portugal, and Mexico. Cabify was officially launched in 2011 in Madrid, Spain, by Juan de Antonio, the CEO of the company.
Many people love the company because it is considered one of the safest ride-sharing services. They offer world-class service similar to Uber. For maximum safety, the company has professional drivers, modern vehicles, and geo-tracked journeys. Their pricing system is also similar to Uber, offering a transparent and clear system. As of 2021, Cabify earned a global revenue of $516 million and has over 5.4 million registered users. They have approximately 230,000 drivers deployed across its markets in Latin America and Europe and 441 staff in Spain.
Lyft is one of the most prominent competitors of Uber. The company is similar to Uber because it innovates, operates, and markets mobile apps. If you want to use their services, you have to log in to their app and hire a vehicle. They have a wide variety of vehicles and cars to choose from bicycles to motorized scooters. It is possible to order food in their app, and the meal will be delivered to your doorstep. Another similarity between Lyft and Uber is that both companies have their headquarters in San Francisco.
Lyft is considered the second largest company in ride-sharing after Uber. The company's operations may not be as expansive as Uber's, but they are trying to keep up with the competition. According to Turbo Future, in 2020, they generated a revenue of $2.364 billion, a drop from $3.62 billion in the previous year. The drop is attributed to the Covid-19 pandemic, which affected the transport industry. One of the main challenges of ride-sharing companies is the design of their business models. This has made Lyft have similar challenges to Uber. Despite this, Lyft tops the chart as one of the top ten companies similar to Uber.
Written by Allen Lee
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