Ride-hailing apps were cruising towards recovery—but then came India’s second Covid-19 wave ...Middle East

Quartz - Economy
Ride-hailing apps were cruising towards recovery—but then came India’s second Covid-19 wave
After nearly a year of Covid-triggered slump, ride-hailing companies in India had finally started recovering in early 2021. But the onset of the second wave of the pandemic could hit the breaks on recovery.Companies like Ola and Uber were nearly completely out of business during April and May last year as India was under lockdown. Between June and December 2020, these apps saw “gradual recovery,” according to market research firm RedSeer Consulting. The recovery after the lockdowns was slow mainly because offices continued to remain shut and most people chose to stay indoors as a precaution against Covid-19.By March this year, ride-hailing companies’ business had recovered to around 70% of t

Hence then, the article about ride hailing apps were cruising towards recovery but then came india s second covid 19 wave was published today ( ) and is available on Quartz ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Ride-hailing apps were cruising towards recovery—but then came India’s second Covid-19 wave )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News
before 5 hours & 57 minute