In online-to-offline marketplaces like taxi-booking platforms, liquidity matters. That's why consolidation happens.
Added over 1 year ago | As appeared first on economictimes.indiatimes.com | Author: Aditi Shrivastava
BENGALURU: Olacabs is on the verge of buying rival Taxi-ForSure for about $200 million (Rs 1,250 crore), an aggressive move which sets up a straight fight with Uber for dominance of India's taxi aggregation market. According to three people directly involved in the negotiations, Olacabs, backed by Japan's SoftBank, will pay cash and offer stock in what will be the second-largest buyout in the consumer Internet market after Flipkart's acquisition of fashion portal Myntra for an estimated $370 ... Continue reading on economictimes.indiatimes.com
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