Interestingly, in India, Uber paid drivers upwards of $1700, in in the initial 1-2 years, as incentives to get them onto the platform. Drivers took loans and mortgages to buy cars which they couldn't pay after the incentives were taken off.

Lot of drivers went into debts and sold away their cars. The market has probably more stabilized now.

But inspite of all the talk of tech, we are still looking at these platforms taking 25%-30%.