Counter example India, Lyft can now never come here. Soon it will be one of Uber's biggest market.
Ola seems to be doing fine and I think they've some sort of partnership with lyft where at some point in time you'll be able to use the lyft app and hail ola rides. This hasn't happened yet, though.
Why not?
We had a local competitior backed by soft bank. They are in bad shape. All because of execution. I don't see any other company able to match that ruthlessness.
So, Uber will be able to take the entire market as long as they don't make it lucrative?
That seems to be Uber's plan everywhere, and they look quite successful at it.