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Ride-sharing giant Ola coming to Australia

Discussion in 'Melbourne | Uber Drivers Forum' started by skyco, Jan 30, 2018.

  1. skyco

    skyco Active Member

    INDIAN ride-sharing giant Ola will launch in Australia within months.

    Founded in 2010, the fierce Uber rival is now one of the world’s biggest ride-sharing companies, with more than 900,000 “driver-partners” in 110 cities in India.

    “We are very excited about launching Ola in Australia and see immense potential for the ride-sharing ecosystem which embraces new technology and innovation,” Ola co-founder and chief executive Bhavish Aggarwal said in a statement on Tuesday.

    “With a strong focus on driver-partners and the community at large, we aim to create a high-quality and affordable travel experience for citizens and look forward to contributing to a healthy mobility ecosystem in Australia.”

    Ola is currently valued at about $US7 billion ($8.7 billion) following a $US1.1 billion capital raise late last year from Chinese internet company Tencent and Japan’s Softbank.

  2. HumungousDill

    HumungousDill Active Member

    I thought Softbank was one of Uber's main backers. Conflict of interest ?
    Uberx zoom likes this.
  3. Uberx zoom

    Uberx zoom Well known member (founder)

    Ola is major in India, as big as Uber if not more. Looks like Softbank are very interested in the rideshare market as a whole.

    Imagine being invested with the biggest taxi(s) companies on earth, taxi companies that don't have to own or service any cars, free nilly tapping into an ever-growing supply of slave labor.
    Last edited: Jan 31, 2018
    eXploitation likes this.

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