This articles covers the top 6 competitors of Lyft in 2022.
Lyft, Inc. is a transport service support provider based in the United States that develops, markets, and manages a smartphone app that provides ride-hailing, vehicle rental, motorised scooters, a bicycle-sharing system, rental automobiles, and food delivery. It is headquartered in San Francisco, California, and operates in 645 US cities and 10 Canadian communities.
Lyft does not own any vehicles; instead, each booking earns company a commission. Fares are stated in advance to the customer, but vary using a dynamic pricing model based on the local supply and demand at the time of the booking.
As of 2022, with a 29% market share, Lyft is the second-largest ridesharing company in the United States after Uber.
This article will highlight some of the global competitors of Lyft, who are equally trying their best to gain the maximum market share.
The first in the list of top competitors of Lyft is Uber.
Uber Technologies, Inc. (Uber) is a mobility-as-a-service company based in the United States. It is headquartered in San Francisco and operates in more than 72 countries and 10,000 cities.
Its services include ride hailing, food delivery (Uber Eats and Postmates), package delivery, couriers, freight transportation, electric bicycle and motorised scooter rental through a Lime partnership, and ferry transportation through local operators. Uber does not own any vehicles; instead, each booking earns them a commission.
In the United States, as of January 2022, Uber had a 71% market share for ride-sharing and a 27% market share for food delivery.
2. OLA Cabs:
The second biggest competitor of Lfyt is OLA.
Ola Cabs is a Bangalore-based Indian multinational ridesharing company. Financial services, cloud kitchens, and a used-car marketplace are among its other business sectors.
The company is owned by a number of venture capitalists, including Softbank.
In January, 2018, Ola entered its first first overseas market, Australia and then later launched in New Zealand in September 2018.
Ola Fleet, Ola Financial Services, Ola Foods, Ola Dash and Ola Cars are some of the other businesses that the parent company of OLA, ANI Technologies operate.
Founders: Cheng Wei
Headquarter: Beijing, China
Didi Chuxing Technology Co. is a Chinese ride-hailing startup based in Beijing with over 550 million users and tens of millions of drivers.
The company offers app-based transportation services such as taxi, private car, social ride-sharing, and bike sharing, as well as on-demand delivery and automobile services such as sales, leasing, financing, maintenance, fleet operation, electric vehicle charging, and vehicle co-development with automakers.
Didi gives Lyft a tough competition in Chinese market and that why Didi can be considered as a best Lyft’s alternative.
Founders: Nadiem Makarim, Kevin Aluwi and Michaelangelo Moran
Headquarter: Jakarta, Indonesia
Gojek is an Indonesian on-demand multi-service platform and digital payment technology group based in Jakarta. It is the first Indonesian unicorn company. Established in Indonesia in 2010 as a call center to connect consumers to courier delivery and two-wheeled ride-hailing services, Gojeck launched its application in 2015 with the below services.
Till date, Gojek has transformed into a super app, providing more than 20 services.
Indonesia, Vietnam, Singapore, Thailand, and Philippines are some of the regions that GoJek operates in.
On 17 May 2021, Gojek and Tokopedia announced the completion of their merger and established a new holding company called GoTo.
Lyft faces huge competition from Gojek in Indonesia and thats why GoJek is considered one of the best Lyft’s alternative in Indonesia.
Founders: Anthony Tan and Tan Hooi Ling
Grab Holdings Inc., commonly known as Grab, is a Southeast Asian technology company. The company is headquartered in Singapore and Indonesia. Just like GoJek, Grab also has a Superapp which provides users with transportation, food delivery and digital payments services via a mobile app.
The company operates in a no. of different countries like Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam.
It is Southeast Asia’s first decacorn, and is also the biggest technology startup in the region.
The Singapore-based company posted revenue of $675 million for the 2021 financial year, up by 44% on the previous 12 months.
Despite a return to happier figures on the revenue front, Grab is still running at a huge lost, seeing the figure increase from $2.7 billion in 2020 to $3.6 billion last year.
Grab is one of the best Lyft alternative in singapore.
The last in the list of competitors of Lyft is CURB.
Curb is another app similar to Lyft. Curb is focused towards professionalism and work with officially sanctioned, licensed, and insured taxicab drivers or drivers-for-hire. They offer business and paratransit solutions on demand as well, due to the fact that they have their own fleet of cars at their disposal.
The company currently operates in 60 U.S. cities, and has partnered with over 90 taxicab companies accounting for over 50,000 cars.
This concludes the list on top competitors of Lyft.
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