SoftBank-backed Ola to expand operations in the UK

Ola cab taxi

Indian ride-hailing firm Ola said on Tuesday it plans to launch services in Britain this year, months after expanding operations in Australia, intensifying its rivalry with US peer Uber Technologies Inc.

Mint first reported on May 28 that Ola is adopting a holding company structure similar to that of India's most successful internet startup Flipkart to boost the cab-hailing company's valuation and improve the management of its businesses.

The launch means a major investor in both Ola and Uber, SoftBank, is effectively going to war with itself.

Ola will open operations in Greater Manchester and south Wales, including capital Cardiff, within the next month.

Ola was last valued at $7bn (£5.4bn) when it raised a $3bn mega-round from Softbank, Chinese backers Tencent and Didi Chuxing, and DST Global.

Back in India, Ola and Uber have been burning cash for the past four or five years in a bid to outgun each other.

Ola says it will be the only ride-hailing app in the United Kingdom that offers passengers the option of PHVs and Black Cabs through one consumer-friendly platform, which will in future see additional transportation options incorporated for greater passenger choice.

Ola is hoping that its promise of "higher earnings and daily payments" will lure drivers to its platform. That, of course, could change, and whether a driver earns more will also depend on how much Ola decides to charge passengers when it fully launches.

The UK will be the third country that Ola operates in, following its foray into Australia in February.

Bhavish Aggarwal, Ola co-founder and chief executive officer, said the Bengaluru-based company would look forward to a "continued engagement with policymakers and regulators as we expand across the country and build a company embedded in the UK".

Unlike Uber it will offer a choice of private hire vehicle or black taxi.

Related News:

  • Boris Johnson compares women wearing burkas to letter boxes and bank robbers

    Boris Johnson compares women wearing burkas to letter boxes and bank robbers

    A spokesperson for Prime Minister May refused to condemn Johnson's actions, and would only add: "We do not support a ban ". Mr Johnson has been accused of racism a number of times during his political career.
    Sevilla re-sign Aleix Vidal from Barcelona

    Sevilla re-sign Aleix Vidal from Barcelona

    Vidal's sale follows shortly after Barca's recruitment of another A Vidal - Chile midfielder Arturo Vidal from Bayern Munich . Sevilla have confirmed that they have re-signed Aleix Vidal from Barcelona on a four-year contract.
    Hiroshima Remembers Atomic Bombing on 73rd Anniversary

    Hiroshima Remembers Atomic Bombing on 73rd Anniversary

    Matsui said these nations are "explicitly expressing self-centered nationalism" while modernizing their nuclear weapons. Barack Obama, who had sought a policy of nuclear arms reduction, visited the site in 2016 .
  • Ko in touch at British Open

    Ko in touch at British Open

    "I always joked to myself, because I haven't won a tournament since I turned pro, that the first one I win would be a major. She added another birdie on the 13th hole but bogeys on holes 14 and 18 left her at 10 under after a round of one-under 71.
    UP’s Deoria shelter home

    UP’s Deoria shelter home

    Manoj Kumar, who ran a shop near the shelter, said that he had seen policewomen taking the girls to and from courts. ADG law and order Anand Kumar said a case was registered under several sections of IPC, POCSO and JJ Act.
    James Anderson's painful golf swing

    James Anderson's painful golf swing

    Luckily, no major damage was caused as Stuart Broad, who was also present at the venue, recorded the entire incident. Anderson bowled brilliantly during victory in Birmingham, taking four wickets during India's two innings.
  • Saudi students' year at UPEI in question

    Saudi students' year at UPEI in question

    Below those words were "As the Arabic saying goes: He who interferes with what doesn't concern him finds what doesn't please him". The posts came as Saudi Arabia ordered Canada's ambassador to leave the country and froze all new trade and investment on Sunday.
    NASA Introduces Nine Astronauts for First Commercial Flights

    NASA Introduces Nine Astronauts for First Commercial Flights

    Both vehicles are capable of reaching the ISS autonomously, and will do so and return to Earth before humans climb aboard. An unmanned Boeing flight test is scheduled for later this year, with the first crew on board in mid-2019, Nasa said.
    SpaceX's brand new, recyclable Falcon 9 rocket launches again

    SpaceX's brand new, recyclable Falcon 9 rocket launches again

    The new satellite will replace Telkom 1, which failed in a mysterious debris-shedding event in geostationary orbit past year . EDT Falcon 9's first stage for the Merah Putih mission previously supported the Bangabandhu Satellite-1 mission in May 2018.
  • NASCAR CEO on leave of absence after reported DWI arrest

    NASCAR CEO on leave of absence after reported DWI arrest

    Brian France has been CEO since 2003 of the racing league his grandfather, Bill France, Sr., founded in 1948. A mugshot of France was tweeted by Aaron Katersky of ABC News.
    Has Priyanka Chopra got engaged to beau Nick Jonas? Actress finally reacts

    Has Priyanka Chopra got engaged to beau Nick Jonas? Actress finally reacts

    Luckily, her recent engagement news probably means that Priyanka is more than looking forward to the future. Actress Priyanka Chopra's whirlwind romance with Nick Jonas is making headlines right, left and centre.
    Earth Is 1C From Hothouse State That 'Threatens Future Of Humanity'

    Earth Is 1C From Hothouse State That 'Threatens Future Of Humanity'

    Professor Johan Rockstrom, of University of Stockholm, said: "These tipping elements can potentially act like a row of dominoes". Catastrophic climate change will cause sea levels to rise by 60 metres, threatening residents inhabiting coastal towns.


Most liked

Superbugs evolve to survive hand sanitizer
They then took hospital-grade disinfectant wipes, wiped down the cages, and let mice crawl around inside for an hour. In the result, it was found that more "young" strains of bacteria 70% more resistant to disinfectants alcohol-based.

Manchester City goalkeeper signs for Burnley
Oddly, Burnley team are now stuck fast amid something of a 'keeper crisis, with both Tom Heaton and Nick Pope out injured.

Arsenal fans will not be able to hold Stan Kroenke to account
He began building his stake in Arsenal in 2007 after buying a 9.9% holding from ITV. It is in effect legalised theft to remove a brake on how Arsenal is managed '.

Bodycam shows passenger rescued from burning vehicle
A male passenger in the front of the auto "appeared unconscious and was trapped in the vehicle", Atlanta Police said. Atlanta police Sgt John Chafee thanked the citizens who helped remove the people, and commended the officers.

Samsung 4TB QLC SSDs enter mass production - Storage
Samsung is also planning on adding 4-bit fifth-generation V-NAND technology to its M.2 NVMe SSDs geared toward the enterprise. Longevity might still be a concern, however, as these 4TB SSDs only ship with a three-year warranty.

Fossil's new smartwatches get NFC payments and heart rate tracking
As you can tell by the name, both watches have heart rate sensors. They are available for pre-order and will ship out on August 26.

Alexa will soon answer old questions months after you’ve asked
If you ask me a question and I don't know the answer, but I find out later, I'll notify you", she replied . It doesn't appear that the feature is fully up and running yet, though.

Russian Federation offers USA cooperation in restoration of Syria
But it was unclear how reconstruction and refugees fit into military-to-military communications. The Kremlin and Russian Defense Ministry were not immediately available to comment .

Israel intercepts second medical supply boat for Gaza
Hamas says it will accept an agreement with Israel, while Israel believes the chances for such an agreement are slim . Israel also demands the release of a prisoner said to have mental health issues, thought to be a hostage of Hamas.

Oil gains after surprise drop in Saudi crude output
This would leave markets with little spare capacity to deal with unforseen disruptions, it said. West Texas Intermediate (WTI) crude futures rose $1.23 to $69.72 a barrel, a 1.8 percent gain.

Armed bystander shoots gunman at Florida park, police say
The shooting occurred at Isaac Campbell Park around 5:20 p.m. when reports were first received by dispatchers about shots fired. A bystander, who was licensed to carry a firearm, shot the suspect and waited for authorities to arrive, Matthews said.

Danny Dyer has a face of thunder as storms hit Disney World
Dani's grandparents, who stole the show in the meet the parents episode of Love Island , are also back for another cameo. She said the couple haven't spent any time apart since leaving the villa and it was "horrible" being away from him.

Mauricio Pochettino ready to leave NINE Tottenham players out against Newcastle
The reality is to win and to have the argument about whether you have the tools to win is a different matter. But maybe that is not enough, maybe we need to change certain things. "In football all can happen".

Traore to have Wolves medical
The winger has an £18m release clause in his contract, which has left Boro vulnerable to losing him. Adama Traore is expected to have a medical at Wolves on Monday, ahead of deal raising up to £20m.

Honor Play: Unboxing And First Impression
Smartphone manufacturers are making sure that users get an uncompromising experience without having to spend a lot of money. As many of you might be aware, Kirin 970 happens to power all the flagship Huawei and Honor smartphones released this year.