Ola to launch its cab services in United Kingdom in a month

CEO Bhavish Aggrawal wants to do a better job of working with regulators

CEO Bhavish Aggrawal wants to do a better job of working with regulators

Ola and Uber, which both count Japan's SoftBank Group as an investor, have been competing in India's $12 billion taxi market and in recent months have taken their rivalry overseas.

Indian ride-hailing startup Ola plans to launch in the United Kingdom and take on Uber.

Ola will intensity its rivalry with ride-hailing giant Uber, which says it operates in more than 40 towns and cities across the UK. "The UK is a fantastic place to do business and we look forward to providing a responsible, compelling, new service".

Ola plans to expand its footprint across the country by end of 2018.

Ola's latest moves to expand overseas is part of a broader company strategy to create a massive global business that will be generate consistent revenues, alongside its domestic Indian operations.

Ola, the Indian ride-hailing firm backed by Japanese mega-investor Softbank, is bringing its services to the UK.

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Apart from Ola, the likes of education technology start-up Byju's are also getting increasingly confident about their ability to compete anywhere against bigger global rivals.

The firm will offer private vehicles for hire as well as Britain's famous black cabs on its platform, and will add more transportation options going forward. The company claims to have 125 million customers across the globe.

After Ola's lead investor, Japanese conglomerate SoftBank, became the largest investor in Uber following a large secondary share purchase past year, speculations were rife that Uber could eventually merge its India operations with Ola.

"This could put pressure on Uber and cause them to possibly merge in India", said Shah, adding that Ola could use its global expansion strategy into Uber territories as leverage.

It is now inviting private hire vehicles (PHV) and metered taxi drivers in Cardiff, Newport and Vale of Glamorgan to register on Ola for a commission rate of 10 percent for PHVs and 5 percent for metered taxis.

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