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The Math is correct. Those are the current prices. You are saying that Olacab like companies are able to afford to have low prices because they have investor money to operate at a loss. That may be true too. Yes, it will be interesting to see who can hold on for longer.

We have a reached a stage where rickshaws and cabs are competing for the same market segment, within the city.

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I have seen at least 3-4 cycles of travel companies going bankrupt in as little as the last decade. The general attitude is that they think once they acquire monopoly by offering cheaper fares, then they can charge what ever they feel like.

But the story always is every time they get close to even say 5-10% of the market share some launches a competing service. By then you have lost too much money to make any thing meaningful out of it.

>>We have a reached a stage where rickshaws and cabs are competing for the same market segment, within the city.

If money isn't a concern for you, then that is true. But for anything less than 40 km of travel or a 4 hour hire, Autos will win by a big margin.

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