India’s largest taxi aggregator Ola, has acquired Qarth to strengthen its mobile payments platform, while employee transportation startup, Commut, has acquired app-based cab service company H2O.
Ola acquires mobile payment startup Qarth
“With acquisitions like Qarth, we are investing in building seamless digital payment solutions,” Anand Subramanian, Senior Director, Marketing Communications at Ola, said in a statement. “As we work towards our mission of building mobility for a billion people, we will continue to build for a best in class payment experience for our users.”
Ola has its own e-wallet platform called Ola Money, and co-founders of Qarth Abhinav Srivastava and Prerit Srivastava, along with the rest of their team, will be joining Ola Money.
Commut acquires app-based cab service provider H2O Cabs
Hyderabad-based employee transportation startup, Commut, has acquired app-based cab service company H2O Cabs for an undisclosed amount. The acquisition is aimed at strengthening Commut’s verticals and increase its current foothold in the market.
Founded in 2015, Commut is a technology-based minibus shuttle service for daily office commuters. It currently has 35 minibuses running on 50 routes. On the other hand, H2O Cabs is an app-based cab service, founded in 2014 by Tejasri Darsi. It offers point to point cab service on fixed routes in Hyderabad, and lets users book a seat in A/C, Wi-Fi enabled cabs. Currently, it has about 1,000 registered users.
Post acquisition, H2O Founder Tejasi will be handling sales and partnerships of Commut.