App-based aggregator Ola has ended its TaxiForSure operations, laying off around 700 employees in the process. Ola acquired its domestic rival a year and a half ago to take on Uber. The acquisition, which cost $200 million, was to increase Ola’s market share. Since the merger, Ola has been integrating[Read More…]
Tag: Ola
5 things the Uber-Didi Chuxing deal tells us
Ride-hailing app Uber has decided to merge its China business with market leader Didi Chuxing. Uber global will receive 5.89 percent in the combined company that would be valued at $35 billion. Chairman of Didi Cheng Wei, will join the board of Uber while Travis Kalanick, Uber Chief Executive, will[Read More…]
Who’s more ‘desi’: Uber or Ola?
Acrimony among unicorn startups is the latest trend. Gone are the days when companies made their dissent for the competition known in hushed circles. Today’s startups are far more aggressive. After several Twitter repartees between online e-tailers, Snapdeal and Flipkart, the latest fight is between taxi aggregators, Ola and Uber.[Read More…]
In war-mode, Ola offers outstation, rental deals
Ola is introducing outstation rides and rental deals this month. The outstation facility will allow customers to book a cab two hours in advance for intercity travel while rental enables customers to rent a car on an hourly basis. Facing stiff competition from Uber, the taxi-hailing app may launch self-drive[Read More…]