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July 8, 2017 12:00 pm

Ola, India's Largest Ride-Hailing Service, Plans International Expansion

Reader joshtops writes: Indian ride-hailing company Ola, which operates in over 100 cities in the local country, is eyeing international expansion, according to a report, which cites multiple sources. The company, which leads rival Uber in India's ride-hailing market, has been looking at international markets for some time, and it has identified India's neighbours Sri Lanka, Nepal, and Bangladesh as the first international countries where it will offer its services, the report added. Rival Uber already operates in Sri Lanka and Bangladesh. Ola is also eyeing other countries in Asia and North Africa to continue this expansion in the future, another person requesting anonymity told Gadgets 360. [...] Ola is exploring international markets at a time when Uber is increasingly expanding its reach in India. The global ride-hailing service, which operates in over 500 cities, is presently available in 29 cities in the country. India has become the fastest growing market for Uber, especially in the wake of its exit from China. The report adds that an alliance by US' Lyft, South Asia's Grab, China's Didi, and India's Ola, which they formed to utilize each other's resources to better fight Uber, ended this year. Now the companies could become direct competitors.

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