It played out similarly with app-based taxis in India (Uber, Ola). They subsidised drivers and riders and it was reliable enough that I had given up driving. Ho

It played out similarly with app-based taxis in India (Uber, Ola). They subsidised drivers and riders and it was reliable enough that I had given up driving. However things quickly reverted once they cut-down driver subsidies. The supply tanked immediately and getting a taxi meant waiting for 20-40 minutes and face multiple cancellations. So I gave up and went back to driving. Uber/Ola are on their last breath in India.