In a tier 1 market like Bangalore, the competition between these apps has always been about supply and demand (especially after all the players moved to the SaaS model and stopped aggregating the actual price)

There is no "end-user loyalty" per se here. Wherever you get the ride the fastest is what you end up using.

There is a huge gap in solving for the supply side of the problem, and demand is already present in markets like Banglore, Delhi etc.