Here’s what you need to know: Uber, Lyft and UberX are big players in India’s ride-hailing market, with each accounting for more than 20% of the market.
All three services are popular with consumers because they’re cheap and they allow you to use a smartphone app to hail a car from a nearby location.
But the industry faces major challenges.
Uber is struggling to grow its service to a large enough base to compete in a country where Uber is valued at more than $70 billion.
Grab, which offers a similar service but does not have as many drivers, is also facing an uphill battle, but it’s still growing fast.
And both services have struggled to win over users in cities with more than 500,000 people.
This article is part of the BI Intelligence suite of data journalism.
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