India’s Uber rival Ola is headed to Europe with ride-hailing launch in the UK

India’s Uber rival Ola is headed to Europe with ride-hailing launch in the UK

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/08/06/ola-is-bringing-its-ride-hailing-service-to-the-uk/

The UK is getting a new alternative to Uber after India-based ride-hailing company Ola announced plans to expand to the country, which will become its first market in Europe.

Ola was founded in 2010 and it covers over 110 cities in India where it offers licensed taxis, private hire cars and rickshaws through a network of over one million drivers. The company has raised around $3 billion from investors that include SoftBank, Chinese duo Tencent and Didi Chuxing and DST Global . It was last valued at $7 billion. Ola ventured overseas for the first time when it launched in Australia earlier this year — it is now in seven cities there — and its move into the UK signals a further expansion into Europe.

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