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I live in London, there are plenty of alternatives to Uber, the only downside is they might be like 5-10% more expensive

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What you said was correct a year ago but Kapten and Bolt exist now, they’re often the same fare or cheaper than Uber.

Bolt is funded by Chinese money. They're heavily subsidizing rides with that money to capture some of the market and they will have to raise prices eventually.

Uber is funded by Saudi money, same deal.

Uber is not free, it's way past the free stage.

I saw few acquaintances trying Bolt (in London) and the main argument is the first rides are free, then the next rides are free too if you refer a friend.

While not free, VC funds are still subsidizing Uber rides and driver incentives.

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