Ola, Uber face supply squeeze: 24% drivers leave as incentives drop

Most drivers have either moved on for other offline opportunities or quit the profession altogether

Two of the country’s largest taxi-aggregators, Ola and Uber, saw the supply of cabs on their platforms declining to nearly three-fourths in the March quarter of this year. With disgruntled drivers opting out due to a fall in incentives, the total number of cabs they run fell to around 380,000 in January-March from 500,000 in the previous three-month period – a drop of 24 per cent – shows a Livemint report.

The report, citing figures from market research firm RedSeer Consulting, also says that a large number of drivers on Uber and Ola either moved on to explore other offline