India's Ola enters Australia as it battles Uber

CEO of Ola, Bhavish Aggarwal, has spoken of the "immense potential" in ride-sharing
CEO of Ola, Bhavish Aggarwal, has spoken of the "immense potential" in ride-sharing

Indian ride-hailing company Ola is launching in Australia, it announced 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 .

The 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 and some initial concerns about passenger safety.

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 $10 billion.

Both companies are backed by Japan's SoftBank Group and recently ventured into the food delivery business, intensifying their rivalry further.


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© 2018 AFP

Citation: India's Ola enters Australia as it battles Uber (2018, January 30) retrieved 16 October 2019 from https://phys.org/news/2018-01-india-ola-australia-uber.html
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