Covid-19 impact on Ola, Uber lower during second wave; Ola fares better

The impact on app-based cab companies during the second wave of Coronavirus (Covid-19) restrictions was lower as compared to the two-month lockdown period last year, with Ola faring better than Uber, according to new data. The mobility sector is amongst the worst hit due to Covid-19 and both Ola and Uber have lost revenue, something that has not been quantified before.

Monthly active users (MAUs) – a key metric for app businesses and one that companies guard closely – of Ola and Uber fell 25.2 per cent over March to May 2021 (lockdown 2), compared to a 44 per cent