But that's because new companies can't compete with the incredible amount of VC funding Uber (and Lyft) have received. Down here in Austin, after Uber and Lyft left, about a half dozen different competitors popped up in about a month. My favorite, Ride Austin, is a non-profit that takes a significantly smaller cut than Uber or Lyft and donates a ton of money to charity.

Nope. Speaking from India it's Ola or "Uber or something else" in big cities and Ola or something else in other cities or towns.

In fact there are many smaller startups that keep coming and going. Bikes, autos, cabs. In fact there was a bus startup too that failed just because it didn't have money to play against the system.

There are rumours of a huge business house (with pretty much endless supply of money and extremely easy access to the central Govt - in fact the PM on a personal level) entering the market.