Ola Partners With Lyft, Grab Taxi and Didi Kuaidi to Over Take Uber

Ola Partners With Lyft, Grab Taxi and Didi Kuaidi to Over Take Uber

Bengaluru, India | Red Newswire | Dec 4, 2015 Last Updated at 04:15 PM IST.

Four of the world's largest taxi-hailing apps — India's Ola, China's Didi Kuaidi, US-based Lyft and Malaysia's GrabTaxi — have entered into a partnership which allows passengers to book rides on any of these four services using just one app, a move designed to counter the global reach of their main rival Uber.

An Ola customer who travels to China, South East Asia, or the US, can now hail a cab using the same app on her phone. "This will be a win for the diversity and vitality of the global ridesharing industry," said Cheng Wei, CEO of Didi Kuaidi on Thursday announcing the partnership.

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Ola, Didi Kuaidi, and Grab-Taxi are all backed by SoftBank, while Lyft has received funding from Alibaba, which counts SoftBank as an early investor.

"The move (to form a partnership) was expected," said Jaspal Singh, founder at Valoriser Consultants, a transportation consulting firm. Following this alliance, joint partner products will start rolling out in Q1 of 2016 and each country will handle mapping, routing and payments through a secure system across countries. The four companies will collaborate and share technology, local market know-how and business resources so that travelers can access local on-demand rides by using the same app they use in their home country.
Source: ET Bureau. By: Aditi Shrivastava