Mobile app-driven service providers (Ola, Uber), which aggregate taxis instead of owning them (Meru, Mega Cabs) are forcing radio taxis to tweak their business model. According to an article in Economic Times (Oct 26 – Nov 1, 2014),
- Taxis with aggregation startups (Ola, Uber): 30,000
- Number of Radio cabs: 35,000
- Total number of registered taxis in top 10 cities: 600,000
- India’s taxi rental market worth (though most of them are not profitable): $7 billion
- Growth rate of taxi market in India: 20% per annum
| TaxiForSure | Olacabs | Uber India | Mega Cabs | Carzonrent | Meru | |
|---|---|---|---|---|---|---|
| Lauch Year | June 2013 | January 2011 | October 2013 | 2012 | 2004 | April 2007 |
| Investors | Helion, Bessemer, Blume, Accel | Tiger Global, Matrix, Sequoia, Steadview Capital, Softbank | Google Ventures, Menlo Ventures, TPG Growth | None | Westbridge Capital, SIDBI Ventures, BTS Advisors | India Value Fund |
| Investment | Rs 250 crore | Rs 300 crore | ||||
| Fleet Size (Aggregated) | 10,000 | 30,000 | Not disclosed | 700 | ||
| Fleet Size (Owned) | 3,500 | |||||
| Fleet Size (Owned + Aggregated) | 7,500 | 10,000 | ||||
| Drivers | 10,000 | 40,000 | Not disclosed | 5,000 | 7,500 | |
| Cities | 12 | 19 | 10 | 7 | 39 |
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