India’s largest cab aggregator Ola on Wednesday said it was shutting down operations at TaxiForSure (TFS), a move seen as a bid to integrate its operation and cut costs. The decision comes 17 months after Ola acquired its cross-town rival for $200 million (Rs.1,200 crore) in a cash and equity ... Read More »

India’s largest taxi aggregator, Ola, has shut down itsTaxiForSure (TFS) business and has laid off 700 employees in the process, as it looks to consolidate its presence and reduce cash burn to fend off an attack from Uber.   Ola had acquired smaller rival TFS in March 2015 for $200 ... Read More »