India: Taxi-hailing service Ola buys minority stake in ZipCash

India: Taxi-hailing service Ola buys minority stake in ZipCash

Ola, which is looking to apply for its own wallet license, has held talks with ZipCash for a potential acquisition. Photo: Pradeep Gaur/Mint

India’s largest taxi hailing service Ola, run by ANI Technologies Pvt. Ltd, together with co-founder Bhavish Aggarwal, has acquired a minority stake in ZipCash Card Services Pvt. Ltd, a company with a wallet licence from the Reserve Bank of India (RBI), documents filed with the Registrar of Companies show.

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