App like Uber : People living in Alpha cities like New York, Mumbai, London, or Dubai have 2 biggest vows: busy traffic and lack of parking space. Moved to crowed cities for work, they are less likely to buy cars and rather rely on ride hailing apps. The advantages of car rentals are many. They don’t have to worry about car repairs, parking space, routes and driving themselves in busy traffic.
For investors seeking a fresh and trending investment opportunity, investing in a taxi booking service is a great idea if they are not investing building an app like uber of their own.
Even with dominant players like Uber and ola in the market, hiring a car business is still a thriving one as long as you stick to a clear roadmap and learn from your competitors’ mistakes.