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Indian cab aggregator Ola has announced that it is shutting down its bus unit Ola Shuttle, as a part of a "re-balancing" of its mobility portfolio, reported Economic Times. Ola's Shuttle bus service will now be terminated in cities of Delhi-NCR, Mumbai, Kolkata,Hyderabad and Chennai. The news is surprising as the SoftBank backed Ola on the other hand has raised massive amount of funding which could have sufficed if it wanted to keep the engine running. Ola is also focusing on global expansion, starting from Australia. Ola had sent notifications to their customers in the above stated cities, informing them that the Ola Shuttle services will no longer be available starting February 3. The drivers were instructed to return their smartphones, GPS Devices and cameras later by the week ...

In a bid to control the alarming levels of Delhi's air pollution, CM Arvind Kejriwal has planned to allow private vehicles with even and odd registration numbers on alternate days from January 1 next year. This step, however odd it may sound, can get really beneficial for bus aggregation startups like Shuttl and ZipGo, who can jump on the opportunity to offer their services to more people now. Shuttl, which is the largest bus aggregation players in the Delhi-NCR has around 500 vehicles on its network. ZipGo too has entered the Delhi market, and has plans to launch women-only buses. 3 million people already use metro every day to commute, while for buses this number is 5 million. With 50% of Delhi's private vehicles taken off road, the public transport needs to be made more efficient....

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Ola Shutting Down its Bus Unit ‘Shuttle’

Kejriwal's odd-even rule to benefit startups