As per Statista, Uber has a market value of 72 billion U.S. dollars as of May 2018, while Didi Chuxing has a value of 56 billion U.S. dollars. Besides, companies like Lyft have also been valued at some 11.5 billion U.S. dollars. Also, the total gross revenue of ride-hailing companies will soon reach 285 billion U.S. dollars by 2030. These stats are enough to make any mobile app development company choose their business model wisely.

Most of the well-known taxi booking platforms like Uber, OlaCabs, and MeruCabs are cab aggregators who partner with cab operators to provide rides on request. For such platforms, the revenue model is based on the criteria of pay-for-performance. Apart from this, such models receive a commission from the cab operators on every sale that occurs. Additionally, operators also have a fee for enjoying the facilities of the technology platform.

Some of the major types of business models are,

- Aggregator Model
- Ownership Model
- Revenue Generation Model

Learn more here, Insights into the business & revenue model of Uber