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Which rideshare service is better? Take a look at our Uber vs Lyft comparison findings and decide for yourself!<br>http://bit.ly/301SkBX
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Funky Mustaches or Classy Cabs? Who Will Win The Battle?
INDEX Introduction A Quick Overview Business Objective Market Share App Interface App Engagement Rate Conclusion
Uber and Lyft are the two big names of the on-demand taxi booking business. Uber is serving its customers all over the world whereas lyft is focusing in the local market of US and Canada only. INTRDUCTION
Key Points UBER LYFT Founded March 2009 June 9, 2012 Garrett Camp Travis Kalanick Logan Green John Zimmer Founder A Quick Overview San Francisco, California, U.S. San Francisco, California, U.S. Headquater Funding $24 Billion $4.9 Billion PITCH DECK V 1.0 Revenue (2018) $11.27 Billion $2.157 Billion
Uber’s goals are “Horizontal” going beyond ride-hailing into freight, food delivery, air taxis, and driverless cars. On the other hand, Lyft’s goals are “Vertical” – it focuses only on transportation and wants to be the best transportation company in the USA and Canada. Business Objective
Market Share On the basis of the grap, we can say that Uber controls the market share in the United States. In 2017, Uber had a 74% market share in the US, compared to Lyft at 22%. In 2018, Uber had a 69% of the market share while Lyft rose to 29%.
App Interface Features Uber Lyft Estimated Fare Calculator After booking the cab Before booking the cab In-App Payments Enabled Enabled Split Payments Enabled Enabled Disabled Taxi Tracking Enabled App Interface App Interface Referral Program Less Fierce More Fierce Less user-friendly More user-friendly App UI and UX
App Engagement Rate If we look at the engagement metrics, users are opening Lyft application more than UBER. Despite the fact that UBER has more application downloads, Lyft has won the challenge by offering savage engagement avenue to its app users.
Some battles never end. Same case is with Lyft and Uber. Both the taxi booking apps are doing great as per their goal. While Uber beats Lyft when talking about vehicle options, and innovation, Lyft wins on pricing, app engagement rate and revenues. If you are planning to develop apps like Uber, you can contact us!!! Conclusion
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