Online cab rides improve to 30 million in October but new govt rules may impact market in long term

The number of app-based cab rides has been able to post a very gradual recovery after the pandemic as riders have been refraining to use such services due to the Covid scare. From around 68 million cab rides by customers in January this year, which came to a complete halt during the lockdown, improved to only around 30 million in October on platforms such as Ola and Uber, according to the RedSeer data. This is up from around 15 million rides that were enabled by the cab-hailing platforms in September. The overall ride-sharing segment, which included online booking of cabs, bikes, and autos, stood at 115 million monthly rides as of January 2020.