Key highlights:

  • Indian online cabs market saw a growth of 15% in terms of ride count
  • There was a 5% decline in the overall cab bookings for the industry in Q1 2017
  • online cab market regained momentum post the driver strikes

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Taxi-hailing apps Uber and Ola seem to have made a comeback in the second quarter in 2017 after bookings declined for the first time in Q1 2017. The Indian online cabs market saw a growth of 15% in terms of ride count.

The ride count during Q2 2017, which was in April, May and June, increased to 156 million from 136 million in the previous quarter (Q1 2017), according to a RedSeer Consulting report.

Bookings on Ola, Uber decline for the first time in India; is the dream-run over?

  • Car-pooling service see growth in demand as Uber, Ola push for shared mobility
  • Dreams of Ola, Uber drivers crash as incentives trickle and loans catch up