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Ola To Exit UK, Australia, NZ; Focuses On India Growth

Ride-hailing giant Ola, backed by Softbank, announced the cessation of operations in the UK, Australia, and New Zealand. ANI Technologies, its promoter, disclosed the decision today, emphasizing a strategic focus on the Indian market. Ola highlighted its rapid growth and profitability in India’s ride-hailing sector, stressing the country’s potential for expansion, particularly in electric mobility.

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