Ola to Shut Operations in UK, Australia, New Zealand; to Focus on India Business
Ola had launched operations in UK, Australia and New Zealand in phases in 2018. (Representational image via AP Photo)Ola says it will continue to focus on India business, where it sees immense opportunity for expansionRide-hailing services provider Ola has decided to shut down operations in the UK, Australia and New Zealand and will continue to focus on India business, its promoter ANI Technologies said on Tuesday. The Softbank-backed company said that it sees immense opportunity for expansion in India.“Our ride-hailing business is growing rapidly, and we remain profitable and segment leaders in India. The future of mobility is electric – not just in personal mobility, but also for the ride-hailing business and there is immense opportunity for expansion in India. With this clear focus, we...