- The funding advantage will provide useful as it looks to fight a global car-hailing battle.
- For example, in China, Kuaidi Dache controls 98% of the market
- In India, Olacabs claims to have 70% market share.
- With these uphill battles and a potential car-hailing alliance being formed by Softbank-backed Olacabs, Kuaidi Dache, GrabTaxi, and a US competitor, it looks like funding to the market will likely intensify over the coming 12-18 months.
Source: CB Insights