June 24, 2016

Uber & Didi Dwarf Competitors

   June 24, 2016

Uber & Didi Dwarf Competitors

Total_Financing_To_Ride_Hailing_Companies_Dollars_TMMChart.png

Trader’s remarks:

The top ride-hailing companies have raised some of largest mega-deals that private markets have ever seen, to finance their fierce competition across the globe. The 6 most well-capitalized ride-hailing companies currently are Uber, Didi Chuxing, Lyft, Olacabs, Grab and Gett with Uber the most capitalised one. The capital is primarily to develop technology and increase market share. In the transportation industry, there is a big reward for being the biggest in a market because the service with the most passengers and drivers tends to be more efficient.

Get articles like this straight to your inbox each morning with our Breakfast Briefing. Sign up by clicking here!

Log in with your details

or    

Forgot your details?

Create Account

Send this to a friend