BluSmart's shock exit leaves India's green mobility market up for grabs

BluSmart’s abrupt exit from the market has set the stage for a market grab by rivals Uber, Ola, Rapido, and inDrive. And early signs indicate that Uber may end up with the biggest share of the pie. Several users now say that Uber will become their preferred option, and investors predict that the market leader will further consolidate its dominance.

 

According to data from brokerage firm Motilal Oswal published in January, Uber leads the country’s cab-hailing market on average daily rides and monthly active users.

 

The US-based company is way ahead of competitors with 840,000 daily rides, followed by Ola