Another cab hailing app has launched today Taxi Chap Chap and have lost count of these apps. I only have Uber and also wht we use at work, tuliacha maneno ya voucher. How many cab apps do you have on your phone and actually use.
How profitable is this venture everyone seems to be running to it, while Uber at a valuation of about 70B USD has enough money to wait out everyone in this space including Safaricom, how can you effectively compete with such a behemoth given how fast and agile Uber is.
That safaricom one…smh, even the name does not inspire much…wouldnt try it even for free bundles. NEVER!
little cab hehehe, Uber will win in the long run
Valuation of 70B doesn’t mean they have 70B to fight for market share
True that, but they still have deeper pockets than all competitors combined. Between June and July they raised 4.65B $$ add the other amounts in previous rounds, they have an unimaginable war chest.
Enough of this ride hailing crap already, I’m waiting for the casualties
Hehehe…Uber will kill all of these nonsense. The only market they were unable to capture is the China one.
With the recent 35% price reduction they will basically EXTERMINATE all competition then when they have monopoly increase prices slightly to remain profitable.
Think the same thing too
Then Uber have partnered with Volvo to launvh driverless cabs in U.S, will be interesting to see how that evolves
I have like 10 cab guys who are ready to come and wait as I down my last drinks. They will pretend nothing is happening as the clande is all over me almost getting it on the back seat. Why would I trade that for a stranger?
Ferk Uber.
Now the stupid Kenyan middle class come and kill me. Am a non conformist.
Cheers
I installed uber after a niccur pal who was my designated driver threatened to leave me in the middle of nowhere where I was having a drink and some slices. Never used it though.
I have used all the apps that are in the market. I still feel we should support the local start ups more than we support the foreign companies. End of the day it shud be beneficial for the public and the money to stay in the country.
Just take a look at this article - Bloomberg - Are you a robot? - Agree that they have so much money at their disposal, but at whose cost?
They have now launched UBERchopper, watu wa targeting politicians
Only problem is that they get too greedy and there is no innovation at all. Why wait for uber to come to the market and then just copy what uber is doing? They sound like a cheap Chinease knock off now that UBER is already in the market
Question is, whose services are better and cheaper for me, doesn`t matter if they are local or from Silicon Valley, value matters
But companies on growth trajectories naturally make losses
I agree. But then how do we grow our economy. That cannot be done without local players. And local players, though they take risks are ridiculed.
That’s true. Why is it then they quit China? 2 Billion dollars for Uber is nothing. The share holders will not wait until the last minute.