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Ola acquires smaller rival TaxiForSure for 200 mln dollars to take on Uber

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ANI Washington
Last Updated : Mar 03 2015 | 11:48 AM IST

Indian taxi app service Ola has acquired smaller rival TaxiForSure for 200 million dollars, giving a tougher competition to Uber.

According to TechCrunch, the deal is expected to significantly increase Ola's position as the widest-reaching taxi app service in India.

Both services, however, will operate under their own brands.

At present, Ola offers 1,00,000 vehicles across 67 countries in the country which will now increase by 15,000 vehicles across 47 cities coming from TaxiForSure.

Ola CEO Bhavish Aggarwal said in a statement that TaxiForSure's strategy offers a lot of "complementary strategy".

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First Published: Mar 03 2015 | 11:36 AM IST

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