With the recent announcement made by Uber to invest 1 bn in India and setting up an excellence centre in Telangana with the support of the government, it could be hard for the company to take over Indian market, given the recent surge in Ola’s market share.
Softbank’s, one of the investing firms in Ola, reported that Ola now has 80% market share when it comes to taxi hailing service.
Ola reports that it caters to 750,000+ riders, to help commute comfortably. And, has been adding more than 1,500 taxis to its fleet every day and presently has over 2,50,000 rides to choose from.
