India: Like Ola and Snapdeal, startups are shutting down acquired firms

India: Like Ola and Snapdeal, startups are shutting down acquired firms

Photo: Pradeep Gaur/Mint

Ola’s (ANI Technologies Pvt. Ltd) move to shut down TaxiForSure certainly stands out given the size of the buyout. At $200 million, it is one of the biggest consumer Internet deals in India, but there are plenty of instances where start-ups have cast away acquired companies.

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