// startup autopsy

RidesharePE

Peru ride-sharing building against Uber's 80% share and InDriver's rapid Lima expansion while mototaxis (500K vehicles) were legally excluded from apps

competitionSlow Death

Years-long decline before final shutdown · Fatal mistake: Peru ride-sharing: Uber had 80%+ market share in Lima after Cabify exited Peru 2021. InDriver entered Lima with 25% of market within 12 months. Lima's informal mototaxi market (500K+ vehicles) was legally excluded from app-based platforms. MTC (Ministry of Transport) required 3-year operational track record for new platform licenses.

Founded	2019
Closed	2022
Country	Peru
Sector	Mobility

// the model, blind

Evaluating only RidesharePE’s profile at its peak — without knowing the outcome — the model ranked Competition as the #1 likely cause. That’s exactly how it died.

Key Events Timeline

2019

FOUNDING

2021

CRISIS

2022

SHUTDOWN

Full Analysis

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Documented cause

RidesharePE built ride-sharing in Lima. Uber 80%, InDriver 25% in 12 months. Mototaxis (500K vehicles) legally excluded. MTC 3-year track record license requirement.

Lesson

“Peru mobility must advocate for mototaxi app legalization (500K vehicles, 5M daily trips) rather than competing in formal ride-sharing — the mototaxi legalization would create the largest unserved mobility market in Latin America.”

Failure anatomy

Collapse type

Slow Death

🐌 LOW

Hype cycle

None

Moat type

Technology

Fatal mistake

Peru ride-sharing: Uber had 80%+ market share in Lima after Cabify exited Peru 2021. InDriver entered Lima with 25% of market within 12 months. Lima's informal mototaxi market (500K+ vehicles) was legally excluded from app-based platforms. MTC (Ministry of Transport) required 3-year operational track record for new platform licenses.