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Ola Acquires Ridlr to foray into Public Transport Navigation and Ticketing App Buisness

Ride hailing service provider Ola has acquired Ridlr, a Mumbai-headquartered public transportation, traffic tracking and navigation app, for an undisclosed sum, the organization said in an announcement on Tuesday. The procurement will enable Ola to enhance its navigation technology, given that it as of late extended beyond ride hailing to try things out in sustenance conveyance with the securing of Foodpanda India.

Ridlr, which at present works in Delhi and Mumbai, offers data on transport and prepare courses, aside from enabling clients to book tickets for public transportation administrations. This separated, it likewise tracks public transport and traffic congestion in real time.

Ridlr was established in 2012 by Brijraj Vaghani and Ravi Khemani. The organization last brought $6 million up in value and obligation in 2016 from Matrix Partners, Times Internet, Qualcomm Ventures and InnoVen Capital. Framework Partners and Qualcomm had before put undisclosed sums in the organization in 2013 and 2014 individually. Ridlr had raised another ₹2 crore from the Indian Angel Network in 2012.

By chance, Matrix Partners is additionally a speculator in Ola.

“Open transportation serves a large number of Indians consistently, and fueling these requirements with constant data, versatile ticketing, cashless transactions, and dependable administrations will undoubtedly affect their end involvement. The test truly is to make the whole environment comprehensive and vigorous for all. Ridlr, in a limited ability to focus made enormous walks in this space,” said Bhavish Aggarwal, Co-founder and CEO at Ola, in an announcement.

Ridlr’s has talented workforce of 64 people will join Ola, with Vaghani proceeding to lead Ridlr’s business and operations.

“The advanced innovation driven administrations of Ridlr and Ola are an impeccable synergistic fit. We have been putting forth end-to-end mass travel answers for Indians, making their day by day drive consistent crosswise over various open transportation modes. Ola, then again, has made somewhere down in-streets in the domain of urban versatility through its keen ridesharing arrangements,” Vaghani said in an announcement.

Ola, which has raised about $2.5 billion from any semblance of SoftBank, Tencent and Tiger Global Management among others, hasn’t been a forceful purchaser, not at all like a portion of the other unicorn new businesses, for example, Flipkart and Snapdeal. Aside from Ridlr, Ola purchased ride hailing startup TaxiForSure, versatile installment firm Qarth, trip arranging application Geotagg and Foodpanda India, to reenter food delivery.

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