Ola in talks to take on transportation app Ridlr

Cab hailing firm Ola is in talks to buy transportation app Ridlr, as the company wants to expand its range of IT services and also work on their navigation Technology.
  • The app helps to provide data on bus and train routes thus helping users to book tickets for public transportation services.
  • With this move, Ola can improve their navigation Technology and also give themselves a good lead against its Rival competitor Uber.
  • Recently Ola spent 40 to 50 billion dollars to buy food ordering app Foodpanda to give tough competition to its Rival Uber which is the parent company of Ubereats.
  • Japanese investment firm, as well as Chinese investment firm Softbank Group and Tencent, respectively has invested 1.1 million dollars in Ola due to which Ola has increased its acquisition capacity.
  • Ola is fully geared up to grab the highest market share and also mapping out various strategies to become the market leader.
  • Massive global investment from international giants helps them to expand their markets against arch-rival Uber.
This move clearly shows that Ola wants to attract more users and expand their business against its International competitor Uber. 
Source: https://bit.ly/2pHeIQ0

 

Rate This Article
Murtaza Bagidora

Murtaza Bagidora26 Posts

An Ambivert loves to play volleyball and passionate about marketing. Always focused to learn new and good things.

Keerti Nair

I am a management student with a creative soul. I’m a quick learner and a very ambitious person who believes that the mantra for success is to think out of the box.

Saurav Nayak

The biggest competition is myself. I am not looking to follow others or pull them down. I am planning to test my own boundaries.

0 Comments

Leave a Comment

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password