Bangalore based ‘Olacabs’ to buy ‘TaxiForSure’ to beat competitors like Uber etc. The buy-out deal is estimated as $200-250 million.
Sources say, Olacabs to buy TaxiForSure for Rs 1,250 Crore. Deal will be paid in cash and stocks.
The deal is fixed already and waiting for the formal announcement. It will take few more weeks for the deal to end.
India’s fast-growing cab market leader ‘Ola cabs’ is all set to speed-up and boost-up its service by widening. It will beat all rivalry tech-backed cab competitors and stand tall in the cab market.