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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

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.

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

 

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