VC-backed Ola acquires smaller rival TaxiForSure
India's largest VC-backed taxi-booking service Ola has acquired its smaller rival TaxiForSure for $200 million in a cash and stock deal.
The transaction - which Ola confirmed via social networking site Twitter - will help the Indian start-up fend off its global rival Uber, and domestic competitor Meru, to secure a leading position in the...
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