Ola, Uber growth in India screeches to a halt in 2017

This follows a whopping four-fold increase to 500 million rides last year for Ola and Uber

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Illustration by Tech in Asia

Malavika Velayanikal | Tech in Asia

Last Updated : May 02 2017 | 3:29 PM IST

Ride-hailing apps in India – mainly Uber and its arch-rival Ola – had a fall in rides for the first time in the first quarter of 2017. The number of rides fell by 5 percent compared to the first quarter of 2016, according to market research firm RedSeer.

This follows a whopping four-fold increase to 500 million rides last year for Ola and Uber, compared to 130 million in 2015. The fall in rides this year follows the cutback of incentives for drivers, which led to strikes.

The ride-hailing leaders are both trying to figure out the right

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