India Inc India Inc: Monday, 16 April 2018 05:52

Ola to launch operations in Manchester

 

Bengaluru-based cab-hailing company Ola, after launching its operation in first overseas market in Australia, is all set to launch its operations in the UK.

The ride-hailing firm is planning to set up operation in Manchester first and then expand to other parts of the country.

Manchester is known to have a huge Indian diaspora, which the firm plans to leverage to get its first set of customers and drivers.

In past six months, Ola has been on aggressive front to expand to other markets after raising recent $1.1 billion funding, which was the largest funding round since 2015 when the firm raised $500 million, from Tencent. In January, Ola had announced the launch of its operation in Down Under.

Ola has been charging very low commission (7 per cent) in compare to its competitors. And it plans to do the same in the UK. This will help the ride-hailing firm to outscore its competitors like Uber, that charges 20-25 per cent and attract more riders.

Ola’s international ambition comes after the expiration of GOLD alliance (an alliance among Grab, Ola, Lyft and Didi).

The company is also looking at neighbouring markets in the sub-continent such as Sri Lanka, Nepal, and Bangladesh.

'India Global Business’ has in-depth coverage on related topics.

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