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

 

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