Katamarayudu telugu movie review | Katamarayudu Movie Review Rating | Katamarayudu Review | Pawan Kalyan Katamarayudu

X
close save
crop image
x
TM
Thu, Oct 18, 2018 | Last Updated 8:55 am IST

Menu &Sections

Search

Rivalry between Ola & Uber bound to get hotter in the coming days

Rivalry between Ola & Uber bound to get hotter in the coming days
Rivalry between Ola & Uber bound to get hotter in the coming days
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Presently Ola and Uber ride hailing cab companies’ rivalry to go one notch higher as Ola is set to raise another massive round of funding to the tune of $1 billion from Temasek, the Singapore based sovereign wealth fund and there are possibly other investors as well. Meanwhile these investments will be partly through secondary sale of shares plus other direct routes.



According to sources in Ola’s 8 year existence, this is the first such liquidity-raising instance and the company’s valuation may be pegged around $6-7 billion. Meanwhile Uber’s top management, led by CEO Dara Khosrowshahi has clearly stated that they are in India for the long haul and see value in the market and will continue to operate in India.

Rivalry between Ola & Uber bound to get hotter in the coming days

Sources have added that globally too, Uber is trying to cut its losses in the Asian region by selling its South-East Asia business to Soft Bank owned Grab, while at the same time Ola has moved overseas and is challenging Uber in Australia, offering a much better deal to the drivers there (7.5% commission as opposed 20% charged by Uber). Accordingly auto rides offered by Ola and pooled rides by both and these have grown rapidly over the past few quarters for both Ola and Uber.

Rivalry between Ola & Uber bound to get hotter in the coming days

Rivalry between Ola & Uber bound to get hotter in the coming days
5/ 5 - (1 votes)
Add To Favourite
More from author
TRS Party promises to waive all loans of Farmers
Why KCR calls Chandrababu Naidu as Sani or Ill luck?
Uttam Kumar Reddy slammed KCR for out rightly 'copying' Congress manifesto
Bengaluru ranked 216th spot by Swachh Bharat Survekshan
Crime rate gone down in TN?
Vishal files case
KCR seeks 20,000 Crores for an irrigation project
Janasena party looking for candidates..
600 women arrested against immigration policy by Trump
Cops make an entry into priests rape case
Why Yogi hestitated to wear a cap?
Social war between TDP and YCP
E-Commerce Firms growth in peak this festive season
Sensor based Smart Traffic Signals to be installed in Bengaluru
Will Gajwel people make KCR win?
Cracking Coconut before performing Navaratri Pooja is auspicious
Navaratri Celebrations in Tamilnadu
Rituals to be followed during Saraswati Pooja
Know about Saraswati Pooja and its Importance
 Man throws acid on lady!
Leena complains on Susi!
Woman kicks 16 year old!
Tension prevails in Sabarimala!
Mysuru getting ready for Dussehra this Friday
Pawan's fresh statement to be a political weapon for TDP in AP
Will TRS Party defeat TDP?
TRS Party released Manifesto for upcoming Telangana Elections
Federal judge dismissed porn star Stormy Daniels' defamation lawsuit against Trump
Another Survivor opens up about Lyricist Vairamuthu
Why IT officials threw CM Ramesh's wife mobile into dustbin?
Kerala celebrates Vijayadasami specially
Why Parents enroll their kids in a preschool on Vijayadasami?
Eastern India celebrates Vijayadasami in a different way
Importance of Vijayadasami in different parts of India
KCR to pen to One Crore Households
Revathy's complaint goes against her!
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.