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Both Ola and Uber offered to buy out TaxiForSure, even as the company made a last-minute attempt to raise about $60 million of fresh funding. It acquired its competitor TaxiForSure (TFS) for US$200 million (INR 12.8 billion) (The Financial Express 2015). Toeing Flipkartís initial strategy of retaining Myntra, Ola declared that TaxiForSure would continue as a separate entity. Radhakrishna and Raghunandan sold TaxiForSure in March after struggling to raise additional capital to fund its business. The merger was also the first major consolidation of the fledgling app-based car aggregator business in India as competition intensified in the country. 2, 201 5, from http://yourstory.com/201 4/06/ola-taxiforsure-uber. Estimated to be around INR480 billion (US$8 billion), the taxi market was projected to gr ow at 17–20 per cent After weeks of rumors, finally, today Ola has announced that it has acquired TaxiForSure, for $200 mn in a cash and equity deal.

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For $200-250 million. 2021-02-16 2021-02-17 Raghunandan, an angel investor to more than 40 startups, sold its first venture TaxiForSure to Ola Cabs in 2015 for $200 million. 2015-03-02 2015-03-02 Before starting Zolve, Raghunandan founded TaxiForSure, a ride-hailing firm, that he later sold to Ola for $200 million. Image Credits: Zolve Raghunandan acknowledged that a handful of other 2021-03-01 This is less than a fortnight after his last day at TaxiForSure, the cab aggregator he and Aprameya Radhakrishna sold to bigger rival Ola. The easier role of a mentor is not for him. Though he has made a few angel investments, the 33-year-old believes "getting … TaxiForSure is here to simplify your daily need of a ride to office, movies or shopping. Download our app for iOS / Android / Windows: www.tfs.my/app Radhakrishna’s move comes less than a month after his last day at TaxiForSure, the company he and Raghunandan G sold to rival Ola for $200 million.

Zolve raises $15 million for its cross-border neobank aimed at global

Toeing Flipkartís initial strategy of retaining Myntra, Ola declared that TaxiForSure would continue as a separate entity. Radhakrishna and Raghunandan sold TaxiForSure in March after struggling to raise additional capital to fund its business. The merger was also the first major consolidation of the fledgling app-based car aggregator business in India as competition intensified in the country.

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The 2015-16 results are yet to be disclosed 2021-02-16 · Before starting Zolve, Raghunandan founded TaxiForSure, a ride-hailing firm, that he later sold to Ola for $200 million. Image Credits: Zolve Raghunandan G.'s previous startup TaxiForSure was sold to Ola Cabs in 2015 for $200 million. Before starting Zolve, Raghunandan founded TaxiForSure, a ride-hailing firm, that he later sold to Ola for $200 million. Image Credits: Zolve Raghunandan acknowledged that a handful of other startups are also attempting to solve this challenge, but he said other firms are not making use of a consumer's credit history from their origin nation. Raghunandan, an angel investor to more than 40 startups, sold its first venture TaxiForSure to Ola Cabs in 2015 for $200 million. 2015-03-02 · Jon Russell @jonrussell / 6 years. Ola, the SoftBank-backed competitor to Uber, has dished out $200 million to buy smaller rival TaxiForSure in what looks like being the first of a number of 2015-03-02 · In the very first sign of consolidation in India’s cab-summoning app space, India’s largest cab hire service, Ola, acquired its nearest competitor TaxiForSure for $200 million, in a cash and There have been allegations over having investors from a Chinese company and the data leaking concerns.

Download our app for iOS / Android / Windows: www.tfs.my/app The migration to Koo, launched by Aprameya Radhakrishna who co-founded the cab-hailing app TaxiForSure in 2011 and sold it to Ola in 2015, was akin to how people switched from Twitter to another 2020-07-04 · Aprameya Radhakrishna is the director of Vokal, a vernacular forum for questions and answers. Before his new company, he co-founded TaxiForSure in 2010 and sold it to Ola Cabs for $200 million in 2015. Till the day, he’s participated in a variety of breakthrough startups and is on the top of the angel investors list. Taxiforsure Founder invests in Vyomo This is less than a month after his last day at TaxiForSure, the cab aggregator he and Raghunandan G sold to bigger rival Ola for a neat $200 million (Rs 1,200 From founding TaxiForSure to working for the next billion, – Aprameya Radhakrishna has been asked this question since 2015 when he and co-founder Raghunandan G sold TaxiForSure to rival Ola. 2021-02-10 · Prior to this, Radhakrishna had founded online cab booking service TaxiForSure, which was sold to Ola Cabs. To make it easier for the Indian audience, Koo has added support for regional languages such as Hindi, Bengali, Odia, Telugu, Kannada, Tamil, Malayalam, Gujarati, Marathi, Punjabi and Assamese.
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But both companies Ola Cabs TaxiForSure Acquisition: What It Means To The Cab Aggregation Market By Mohul Ghosh Last updated Apr 17, 2018 The nascent Indian taxi aggregation industry witnessed it’s first major Ola, the country's largest online cab aggregator, today acquired TaxiForSure for $200 mn in a cash and equity deal. This deal will definitely help Ola further deepen its footprint with TaxiForSure's operator-led model. The company says that even after acquisition, Ola and TaxiForSure will continue to operate as separate entities.

It acquired its competitor TaxiForSure (TFS) for US$200 million (INR 12.8 billion) (The Financial Express 2015).
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Zolve raises $15 million for its cross-border neobank aimed at global

Ola (formerly Olacabs), the mobile app for personal transportation has announced that it has acquired TaxiForSure for $200 mn in a cash Experts are of the view that Taxi-ForSure had to sell out due to shortage of working capital. Both Ola and Uber offered to buy out TaxiForSure, even as the company made a last-minute attempt to raise about $60 million of fresh funding. It acquired its competitor TaxiForSure (TFS) for US$200 million (INR 12.8 billion) (The Financial Express 2015). Toeing Flipkartís initial strategy of retaining Myntra, Ola declared that TaxiForSure would continue as a separate entity.

Zolve raises $15 million for its cross-border neobank aimed at global

Zolve was established by second-time founder Raghunandan G, who sold his ride-hailing firm TaxiForSure to Ola for $200 million, and has already amassed 5k customers.

2021-02-11 · He had previously founded ride-hailing firm TaxiForSure and later sold it to Ola for $200 million in 2016 . In fact, the rush even resulted in the platform slowing down. Koo is an app like Twitter which was launched around 10 months ago.