After Australia and United Kingdom, Ola, the Indian origin online transportation network company, has planned to launch operations in New Zealand. The company on Tuesday said that it seeks to expand its overseas rivalry with US based contender Uber Technologies Inc.
Ola Cabs, founded on 3 December 2010 as an online cab aggregator in Mumbai is backed by Japan’s SoftBank Group.
Brian Dewil has been appointed as country manager for New Zealand operations, said Ola. The company, which is competing with Uber in India’s $12 billion taxi market, did not provide further details about its expansion plans.
Meanwhile, Ola has also raised $50 million at a valuation of roughly $4.3 billion from Hong Kong-based Sailing Capital and the China-Eurasian Economic Cooperation Fund, a media report said.