India: After buying it for $200m in 2015, Ola to shut down TaxiForSure, axe jobs

India: After buying it for $200m in 2015, Ola to shut down TaxiForSure, axe jobs

Ola bought TaxiForSure in a deal worth $200 million nearly 18 months ago to consolidate its status as India’s most attractive cab-hailing app and widen its lead over Uber Photo: Hemant Mishra/Mint

Cab-hailing service Ola will shut down TaxiForSure, a rival it acquired in March 2015, and cut up to 1,000 jobs, according to a media report.

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