Ola to Make its First International Entry in Australia

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Startup news- entrepreneurs of India

Homegrown cab hailing platform, Ola will enter Australian market this year to start  its international operation.

Ola has started contacting private hire vehicle owners across main Australian cities like Sydney, Perth and Melbourne for a possible partnership.

The company is hoping to clear all the formalities within the next few months. Ola’s international expansion is part of the company’s decision to grow as a global brand in the cab hailing segment.

Moreover, it looks to challenge rivals like Uber, which already has presence across the globe.

Australia’s cab hailing industry is mainly dominated by Uber and GoCatch, both backed by Australian prime minister Malcolm Turnbull’s son, Alex Turnbull. Ola will soon appoint a country manager for Australian operations.

“With a strong focus on driver-partners and the community at large, we aim to create a high-quality and affordable travel experience for citizens and look forward to contributing to a healthy mobility ecosystem in Australia,” said Bhavish Aggarwal, CEO, Ola.

Ola had raised $1.1 billion last year from ace investors like SoftBank and Tencent to commence its global operation.

Ola has been a strong competitor for international giant Uber in India since its launch in 2010.

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