Uber's new rival in Australia: An Indian upstart Ola - News Summed Up

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Uber's new rival in Australia: An Indian upstart Ola


Paytm , India’s leading digital-payments company, has targeted its services to Indian immigrants in Canada, primarily as an experiment geared toward learning how to operate in developed countries.For Ola, Australia could be a compelling international opportunity.For starters, the country offers room to grow. “Everyone is willing to share the pie.”Australian laws also make it generally easy to set up a ride-share business. Taxify did not respond to requests for comment.Many of the new Ola drivers help spread the word about the company. Cecilia Cornu, an Ola customer in Perth, first heard about the service when she asked an Uber driver about the two cellphones he had. Developing a robust Australian business could give Ola a bargaining chip in negotiations.“Everyone is looking at capturing market share,” he said, “and then doing a deal with Uber.”


Source: Economic Times March 19, 2018 03:54 UTC



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