Lyft
Lyft is a popular US-based Transportation Network Company operating in more than 300 cities across the United States. The company is based in San Francisco, California and claims to offer 1 million rides in a day. As of 2016 records, the company generates revenue of US$ 700 million, whereas their net income was US$ 600 million in the same year. The main competitors of the corporation are Via, Haxi, Fasten, and Via. They have a global alliance with lots of companies that include Ola Cabs (India), DidiChuxing (China) and Grab Go-Jek (Southeast Asia).
The company was launched by John Zimmer and Logan Green in 2012 when they started offering services for Zimride.
Lyft Operations
The users have to download the mobile app of the company on their Android or iOS phone for booking their services. After downloading, they have to sign up by entering a valid phone number and payment type, such as Google Wallet, credit card, PayPal account or similar type of method.
Passengers are allowed to request a ride from a driver in the nearby area through this application of
Lyft. The main market of the company’s taxi services is San Francisco, Los Angeles, and New York. In 2017, the company has raised total funding of US$ 2.61 billion. They mainly focus corporate, college and university students. The user can schedule rides seven days prior to the riding time.
