Lyft, Inc. is an American company offering mobility as a service, ride-hailing, vehicles for hire, motorized scooters, a bicycle-sharing system, rental cars, and food delivery in the United States and select cities in Canada.

Lyft is a national transportation company that connects passengers to affordable and convenient rides. You can request a ride in their app, and a Lyft driver from your community will arrive to give you a ride to your destination. Users of Lyft pay for their rides within the app using their smartphone.

It's that emphasis on community and fun that made Lyft different from any of its competitors and was critical for their success. In many ways, Uber and Lyft are the same, and their products and strategies are so streamlined, they can't do much to differentiate themselves.

Uber and Lyft are both ride-hailing apps, and both offer innovative alternatives to taxis and long-established private transportation services. Both give passengers a convenient and innovative way to request and pay for rides through their smartphones.

Business Model Explained: How Lyft Works? Lyft operates on a peer-to-peer (P2P) business model that offers a platform to connect riders with drivers.

Uber can be less expensive than Lyft for the average journey - research suggests that Uber is the cheaper company, with the average trip costing $20 compared with the $27 you would spend for an average Lyft trip. Also, Uber can be used around the world, whereas Lyft is only available in the U.S. and Canada.

There are several tangible reasons as to why consumers prefer Lyft over Uber such as the ability to tip, the overall experience of the ride, and the cost difference. While it was not mentioned much, many do appreciate the Lyft user interface on the app and prefer to use it over Uber.

Both Uber and Lyft offer rewards programs that give drivers cash back on gas, extra savings on maintenance, and discounts at convenience stores, along with other perks. Though these programs are somewhat similar (and offer some overlapping benefits), Uber offers more competitive perks and ways to save money.

Rider Demographics Age: 49% of Lyft's users are between the ages of 18 and 34. Income: The median household income for Lyft riders is $55,000. Education: 20% of Lyft's active riders are currently students.

Yes, LYFT India provides its service all across Kolkata and its neighboring cities and locations in West Bengal as of now.

Lyft, Inc. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc.

Lyft has created a trustworthy brand that values and stands out in a market where prices are high. Lyft's target market is made up of young and socially conscious individuals.