Need a Lyft?: The Market for Ride-Sharing Apps

So you’ve heard about Uber’s latest round of VC funding or Lyft’s expansion into a new city, (or the latest scandal Uber CEO Travis Kalanick has caused), and you want to know more about the market for ride-sharing apps and the companies running them. With 93% of millennials saying they plan to continue using Uber despite the company’s recent bad press, these companies aren’t going anywhere.

Lippincott Library subscribes to databases that offer statistics, information about VC funding, market share, and user demographics for the companies operating in this market. As you search, note that databases often use different terminology to describe this market. Try searching ride-sharingride-hailing, car-sharing, and sharing economy to find information about this market.

PrivCo offers excellent coverage of Uber, Lyft, and other ride-sharing companies. Their company profiles include a company description, company financials, sources of funding, a list of investors, competitors in that market, and news and analysis about the company. While it can be tough to find financial information on startup companies like Uber and Lyft, PrivCo offers relatively comprehensive financial information for each company it profiles. (Note: You will need to set up an account based on your Penn email to access PrivCo.)

eMarketer also provides great coverage of Uber and other ride-sharing companies, offering a variety of statistics, narrative reports, and news stories. From a report on “What Lyft’s Funding, and Uber’s Struggles, Mean for the Sharing Economy” to statistics on why consumers use ride-sharing services or which apps they use most often,  eMarketer is a good resource to use. Try searching Uber,  Lyft, ride sharing, and ride hailing to find more information.

Thomson ONE has some useful analyst reports on Lyft, Uber, and other ride-sharing apps. To find these reports, click “Screening & Analysis” and then “Research”. Search for ride-sharing or ride-hailing in “Title”, or search for sharing in “Title”  and then click the And drop down menu to  add another search row and search Lyft or Uber in “Title/Text”.

If you want to dig into each company’s market share, use Market Share Reporter. Search ride hailing to find statistical tables  including “Ride-Hailing Industry, 2014“, “Ride-Hailing Apps in China“, as well as “Business Travel Transportation, 2014-2015” which includes market share data for Uber and Lyft.

IBIS World has industry reports on “Taxi and Limousine Services in the US” and on “Limousine and Town Car Services” that mention how Uber and Lyft are affecting these industries. You can find these reports by searching Uber, Lyft, and ride-sharing. While ride-sharing companies only comprise an estimated 6% of these markets, 6% of a nearly $11 billion market is nothing to sneeze at.

Mintel Oxygen also offers great coverage of consumer markets and products, including the market for ride-sharing apps. Try searching UberLyft, and ride sharing to find reports on the way ride-sharing apps have affected insurance companies, car rental and travel companies, and driven digital trends and new business models.

Feel free to contact Lippincott’s business research librarians with questions about researching this or any other market or industry!

Bloomberg’s PE: A Major Database for Private Equity

Private equity consists of firms and funds that make investments directly into private companies or conduct buyouts of public companies. Private equity, as the name implies, is not traded on public equity exchanges.PE bloomberg FIRST MENU

Bloomberg’s Private Equity (PE) database brings together data about PE firms, funds, investors and portfolios. In Bloomberg, type PE <GO> for this menu:

 

 

Search by Firm – Private equity firms are the general partners controlling the operations of the firm.

Search by Fund – Private equity firms direct their investments through one or more funds. Funds are associated with a specific investment strategy.  Venture Capital Funds, for example, are investments in startup firms and small businesses with perceived long-term growth potential. Here is a breakdown of the funds worldwide associated with a specific strategy that is available in Bloomberg.

Strategy           Percent of Total

==================

  • Venture              28%
  • Buyout               25%
  • Growth                9%
  • Debt                    8%
  • Fund of Funds   10%
  • Real Estate        13%
  • Other                   8%

Search by Limited Partners – Limited partners are the source of investment funds. They include public and corporate pension funds, insurance companies, endowments, high net worth individuals, and sovereign wealth funds

Search by Deal – Deals can be classified as M&A investment, Joint venture, Spinoff, and Buyback, and then further sub classified as a PE buyout, Infrastructure, Real Asset, Real Estate, Secondary Transaction, or Venture Capital deal. Venture Capital deals include possible subdivisions into Seed, Angel, or Series (A to J).

The screen below shows a search for all PE deals in the past year that had targets in the alternative energy industry.

PE bloom deal screen for alternative eng 417

 

Search by Private Company – Bloomberg lists more than 15,000 companies in which PE firms invest.

  • Clicking on the name of the company will display a record giving the name(s) of the PE firms which include the company in their portfolio, as well as additional information about the company. The record for U.S. Foods, for example, will show that it is held by KKR 2006 Fund.

In addition to its list of PE backed private companies, Bloomberg includes a database of 1.3 million private companies worldwide that are not PE backed.

PE Bloom Private compnay ALL OKOther useful features of Bloomberg’s PE include Funds in Market, which gives aggregate statistics by strategy, and Benchmarking and Fund Comparison, which allow the comparison of funds by such features as IRR (internal rate or return).

Take a look also at Bloomberg’s weekly Private Equity Brief

PE Bloomberg Brief banner

PE Bloom table from PE brief

In addition to Bloomberg, the Penn Libraries have several additional databases that provide details of private equity activity. They include Thomson ONE, S&P Capital IQ (available at Lippincott in the Yablon Financial Resources Lab) , Preqin, and CB-Insights.

Also see our Research Guide:  Venture Capital and Private Equity.

For more information on Bloomberg see our Bloomberg Help Guide and additional posts in Datapoints under the Category:  Bloomberg.