Ola, a ride-hailing service, announced its decision to cease operations in the UK, Australia, and New Zealand and focus solely on its Indian business, as confirmed by its parent company, ANI Technologies. Backed by Softbank, Ola stated its profitable growth and leadership in the Indian market.
Emphasizing the electric future of mobility, the company sees substantial expansion opportunities in India. As a result, it has opted to discontinue its overseas ride-hailing operations in its current setup. The decision aligns with Ola’s re-evaluated priorities, aiming to consolidate its efforts and resources towards maximizing growth and innovation within the Indian market.
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