A popular cab ride services provider by the name of Ola has now recently decided to shut down operations in the UK, Australia and New Zealand and will continue to focus on Indian business, it had said when released in a press statement by ANI 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 have reassessed our priorities and have decided to shut down our overseas ride-hailing business in its current form in the UK, Australia and New Zealand,” an Ola Mobility spokesperson said.
The company had launched these operations in phases in 2018 and had since indicated the closure of these places from its vast network to prioritise Indian consumers.
Other statements by Ola
“We remain very excited and focused on our mission to serve 1 billion Indians. As a technology-first business, leading with innovation, we are confident to spearhead the country’s mobility ambitions and lead the next phase of growth in the industry at large,” the spokesperson said.
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