Stiff competition from rideshare and taxi booking apps like Ola, Uber, and Lyft has created serious challenges for the taxi and transportation industry. Thanks to their mobile apps, hailing a taxi is now just a tap away! Conventional taxi businesses are hence facing the harsh brunt as their customers are shifting towards these app-based cab hailing services which offer a much better cab booking experience.
While many taxi and cab companies are still stuck with inefficient phone call bookings, competitors and aggregaters are using real-time mobile booking channels. Statistics suggest that taxis lose at least $20 million on an everyday basis just because passengers are unable to find a cab.
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