In case you missed the news earlier this month, Uber competitors – Lyft, GrabTaxi, Ola, and Didi Kuaidia are joining forces and creating a global ride-sharing agreement that they say will cover about 50 percent of the world’s population. The alliance will allow users to book services with partner rideshare operators using their preferred app and there is no overlap between the four…so Lyft users can book an Ola ride using their Lyft app while traveling in India or an Didi Kuaidi ride while traveling in China.
The global partnership is built upon “our shared vision of reconnecting communities through better transportation,” said John Zimmer, Lyft co-founder and president.
By learning from each other’s innovations and successes, we can “build better mobility solutions in our respective markets,” said Ola co-founder and CEO, Bhavish Aggarwal. Ola operates in over 102 cities across India, with over a million daily booking requests.
“We are pleased to help Didi, Lyft and Ola offer transportation services in Southeast Asia where the significant diversity of language, culture and social practices across the region can be challenging for foreign companies to navigate,” said Anthony Tan, CEO of GrabTaxi, which reportedly has over 1.5 million bookings daily across Malaysia, Singapore, Philippines, Thailand, Vietnam and Indonesia.
Uber has declined to comment but one investment strategist says tis could impact Uber if it works:
“The consolidation is definitely a concern for Uber,” said Bradley Gastwirth, CEO of ABR Investment Strategy in an email interview. “This could potentially take market share, if it works seamlessly across many different regions in the world.”
Further details here.
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