Uber wrote to us saying that the total number of registered cars/drivers on its platform as of now is 150,000. Ola, Uber and Meru put together have an estimated 370,000 registered vehicles on their platform. Of these Ola claims to have 200,000 (54.05%), Uber 150,000 (40.54%) and Meru claims 20,000 (5.4%).
Earlier (3 August): After going app only last week, Ola, the online cab aggregator, now claims to own 80% of the online cab market share by registered vehicles. This is reportedly up from 60% from November 2014. Note that the figure includes TaxiForSure as well. Ola did not reveal specific numbers or the TFS-Ola share breakdown. However, it did mention that the market share data was based on “available or estimated data of registered vehicles on respective platforms”.
Ola did not respond to the questions we’d asked with respect to the specific breakdown and source of data. Meru told Medianama that it had 20,000 registered vehicles on its platform across 7 cities, while Uber chose not to disclose its number.
Ola claims to do 750,000 rides every day. It also claims to have over 250,000 vehicles and at current scale, it says that it is adding 1,500 vehicles daily. When we spoke with Ola’s Anand Subramanian earlier this month, he told us that TFS had 24,000 cars on its platform.
Subramanian also told us then that they had about 150,000 vehicles on its platform and in January Ola was doing around 200,000 rides every day, growing at 35% month on month and we could do the math. So we did: This brings the number to 337,500 rides for February; 455,625 for March; 615,093 for April; 830,375 for May; 1,121,006 for June and 1,513,358 for July 2015. The number of rides disclosed now is basically half of what Ola had projected at that point. Another calculation tells us that if 200,000 cars make up 80%, Meru (7 cities) has 30,000 vehicles at 12%, while Uber (18 cities) has 10,000 vehicles at 4%. Also bear in mind that “vehicles” also includes auto rickshaws.
Ola-TFS hatchback integration in app: Late last month, Ola started integrating TaxiForSure’s (TFS) hatchback cars into Ola’s own booking app. The integration was visible only to Delhi and Mumbai users for starters and was to be rolled out to other cities in phases over the next few weeks. Note that the TaxiForSure hatchback cars would only be available for the “ride now” option in the Ola app, while the other transport categories in Ola would continue to offer ride booking for later times. The TaxiForSure app would continue to operate with all categories.
SoftBank funding and Global Taxi Alliance: Ola had raised $210 million in funding in a round led by SoftBank Internet and Media Inc (SIMI) along with its existing investors in October last year. As a part of the deal, SIMI CEO and former Google executive Nikesh Arora joined the company’s board. Earlier this year, SoftBank funded cab booking services Ola and South East Asia-based GrabTaxi were in talks to form a global taxi alliance to take on rival Uber.