In­dia’s Ola en­ters Aus­tralia as it bat­tles ri­val Uber

Muscat Daily - - BUSINESS -

Mum­bai, In­dia - In­dian ride-hail­ing com­pany Ola is launch­ing in Aus­tralia, it an­nounced on Tues­day, mak­ing its first foray abroad as it steps up a bat­tle with ri­val Uber.

Ola launched in 2011 and claims to han­dle around a bil­lion rides ev­ery year across In­dia’s ma­jor cities.

The com­pany said it would soon start op­er­a­tions in Syd­ney, Mel­bourne and Perth and was invit­ing pri­vate ve­hi­cle own­ers to part­ner with it.

Co-founder Bhav­ish Ag­gar­wal said Ola saw ‘im­mense po­ten­tial’ in ride-shar­ing.

Ride-hail­ing apps are boom­ing in In­dia de­spite stiff op­po­si­tion from tra­di­tional taxi firms.

Ola and Uber are locked in an ag­gres­sive fight for a greater share of In­dia’s taxi-app mar­ket, which is es­ti­mated to be worth around US$10bn.

Both com­pa­nies re­cently ven­tured into the food delivery busi­ness, in­ten­si­fy­ing their ri­valry fur­ther.

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.