List of Unknown Facts About Best On Demand Taxi Booking Business: Uber

What Aspiring Uber for X Startups Don’t Know About Uber

It is not even a complete decade and Uber as best on demand taxi booking business is already admired by every other business across the world.

Be it the overall on-demand service idea, Customer acquisition model, an Attractive model for service providers, Business easiness, Comprehensiveness, or the productive revenue model, Uber can be said to be the best on demand taxi booking business.

While getting highly excited about the Uber clone, many have strived to be the next Uber in their vertical, but most of them couldn’t get through it; because Uber is much more than just customer and service provider – Uber is about strategic business plan.

Many have shot for Uber for X and have failed badly pertaining to various reasons.

So, to be the best on demand taxi booking business  like Uber, let’s have a glance at what Uber is and how it incepted the overall idea and went to make it as far as the best on demand taxi booking services start up

What is Uber’s Timeline?

Uber was found as UberCab in 2009 by Garette Camp and Travis Kalanick in San Francisco.

Originally, they started targeting the people that chiefly preferred taxis as their transportation model by launching black luxury car whose price was 1.5 times as that of a taxi.

Following a beta launch in May 2010, the company changed its name from UberCab to Uber and launched an official mobile application in San Francisco in 2011.

The best thing about the launch of Uber is it didn’t stop analyzing the market once the application was launched, in the lieu it vigorously created a think tank consisting of a nuclear physicist, a computational neuroscientist, and a machinery expert who worked on predicting demand of private cab drivers and where the demand is at its highest.

The acumen Uber instantly implemented their analysis in 2012 and introduced UberX, a service option which allows anyone to employee themselves as an Uber driver using their own car by meeting a few eligibility criteria.

This launch of Uber caused a serious dissatisfaction among the taxi drivers since their earnings were decreased as a result of the increased competition at lower rates.

Next, Uber wanted to target the least expensive business model and matched passengers with another passenger who is travelling in the same direction.

For the customers, the app provided the ease of sharing the first name of the co-passengers and the planned route.

Yes! This was the announcement of a carpooling service called UberPool in 2014, after the testing was carried out in San Francisco and later this year Uber went to expand the Uber pooling concept to New York City.

Uber partnered with Blade to offer helicopter rides with the name called ‘UberChopper’ from New York City to The Hamptons.

In 2015, researches were undertaken to move the traditional cab service to an adventurous turn of self-driven cars.

This was the time when Uber celebrated its fifth anniversary and it had grown into a giant transportation network operating in 311 cities and 58 countries.

In August 2015, Uber acquired a loyal fleet of 1 million drivers.

Within a year i.e. in 2016, Uber launched its self-driven Volvo XC90 SUVs in San Francisco and the program further moved to Arizona.

In 2017, Uber came up with the split share feature for friends riding together.

Uber As a Business on its way to the TOP

The first and foremost venture that Uber carried out involved its launch with Black Luxury cars.

This was to start their business with the already existing audience base.

It then started with UberX with a variety of cars and affordable prices for targeting the audience who rarely use taxi services.

After researching on ‘What Next for Uber?’, Uber came up with UberPool services which provided the least expensive services for the audience who do not at all participate in taxi services.

While split fares are the new norms in the Uber world, it targeted a pool of known people who wants to pay for themselves.

If you closely look at the Uber model, you will find a pattern. The point where it gets struck to target a type of audience, it launches a service that could solve their issues and constraints.

Apart from targeting all the classes of audience, it lured the ride-lovers by offering them with self-driving options.

While not restricting itself to the boundaries, it went on further with ‘UberCHOPPER’ to help the travelers to travel to and fro.

In the future, Uber is trying to eliminate the third-party involvement of service provider by making high usage of driverless cabs.

This is what the golden advice is for the upcoming Uber clone business, look for where the gap of demand and service is and dive just dive about getting it unabridged.

Fast Facts and Figures About Uber As A Business

Approximately 87 % Uber drivers choose Uber platform to be their own boss and set their own schedule.

Uber received a hefty amount of $6.61B in 12 rounds from 52 investors.

Hard luck you didn’t invest in Uber! If you were to invest $20, 00 in Uber as an Angel investor, you would have had around $40M today.

The biggest competitors of Uber raised a whopping amount of Ola – $1.18B, Lyft – $1.01B, Yidao Yongche – $790M, and Grab Taxi – $680M but Uber is at the top of the stack!

On Twitter, Uber has got around 231000 followers, while Lyft has got 92,800 followers. On Facebook, Uber has 1.1M and Lyft has 2, 48,012 followers. On Instagram, Uber has 52,900 followers and Lyft has 12,900 followers. The clear winner in the social battle is… Uber!

When compared to the earnings per trip, Uber in most cities earns more than Lyft.

Uber’s marketing aspects round to around $50B which is almost two times that of the Didi Kuaidi, Lyft, Grabtaxi, Ola, and Yidao Yongche.

Uber is the foremost company to reach $41B market capitalization in merely 6 years.

Uber’s valuation is more than 21st Century Fox, Ford, TimeWarner, GM, and PayPal.

The clone companies to Uber are Lyft, Curb, Ola, Kabbee, Mytaxi, Taxijet, Hailo, gettaxi, Grabtaxi,

Around 8 % drivers are veterans or from military backgrounds.

In 2015, more than 10,000 members of the military community registered on to the platform and earned about $18 M and driven 11,469,940 miles in just six months.

The Uber drivers are classified into four big categories –

Pros

Crossovers

New Enthusiasts

Part-Timers

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The Pros are for the Uber BLACK luxury car service and are the ones on the Uber platform for more than six months.

The crossovers are Uber X drivers who drove taxis or black cars, but have been active on the Uber platform for six months or less.

The New Enthusiasts are new to the platform, and have taken up driving with Uber X with great enthusiasm.

The Part-Timers form a biggest community on the Uber X platform, and the most of these are likely to be seeking a flexible earning opportunity.

The most Uber cabs were booked on the New Year’s Eve in 2013 – 2,00,00

The most cabs are booked in between the 8PM – 2AM.

At peak levels, drivers were dropping off more than 58 trips per second.

More than 20,000 customers installed the mobile application after midnight.

More than 50,000 users used Uber cabs more than twice.

Till 2016, 86 versions of applications were updated.

Some countries strictly put a ban on Uber. This ban includes – full ban, partial ban, suspended operations and banned but operating.

Top 5 cities that use Uber are Washington, Boston, San Francisco, Seattle, and Atlanta.

Uber takes a commission of 20% from all the rides.

Uber has got 122 + 3 employees in each city who manage all the operations in the city from partnering with drivers and serving the clients.

Who are the Uber drivers?

Women = 20%,

Dependents = 71%,

Over 50 = 25%

Under 30 = 19%

Other than Uber for cabs, Uber has Uber JEK, UberFRESH, UberEATS, UberCHOPPER, UberKITTEN, and UberPOOL.

Ride statistic around the world: 2M rides across the world, 140M rides in 2014, around 94,000 rides in New York per day, 1M rides per day in China.

14% of Uber drivers are women and 71% of women have dependents on them.

Uber consistently evolves new concepts, but not all work for it. For eg. UberMOTO allowed riders to book a motorcycle ride in Paris, but it badly failed in 2013.

Proud moment for Uber! It was the first company to be recognized by the California Division of Measurement Standards (DMS) for providing a precise way of calculating fares using GPS data.

Where there is a will, there is away! Uber is banned in Spain, but that didn’t really stop it from offering UberEATS, a food delivery service in Barcelona.

Power to the women! Uber has pledged to have 1M women drivers by 2020.

Uber’s next move is driverless car in future.

Strictly professional nothing personal! Even when Uber drivers request a ride for themselves, they have to pay full price for themselves — no discounts!

Conclusion

Going back to square one to where Uber started its journey and talking about the number of countries it managed to get its acquisition in to be the best on demand taxi booking business; Uber always strives to perfect every bit of its model while meaningfully living with the name it adopted for the business.

The time is always right to do the right things.

Well, the same is true for Uber clone businesses as such.

The key takeaway here is – in the matter of features and functionality, go with the current flow but in the matter of innovation, stand tall to recreate the unimaginable!

Can’t get over the Uber business idea, but don’t know where to start from?

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