Uber's rivals just got a little closer

Didi Kuaidi has invested in Indian ride-hailing app Ola

Close on the heels of its US$100 million investment in Lyft, Chinese ride-hailing app giant Didi Kuaidi has invested an undisclosed amount in Ola, the leading ride-hailing app in India.

Didi Kuaidi recently said it had invested in another ride-hailing company, Malaysia-based GrabTaxi.

While the deals have been described as involving sharing technology and market knowledge, they are being seen as responses by these companies to moves by Uber Technologies in the region, including its announcement of plans to invest $1 billion in India.

Uber said last week it was testing a new carpooling service, called UberCommute in Chengdu, China. It said it would roll out the service in other markets as well.

"We look forward to exchanging learnings from two of the worlds largest markets and the tremendous synergies this partnership can bring, towards our commitment of building mobility for a billion Indians," Ola said about the new deal in a statement Monday.

Didi Kuaidi said it looked forward to share technologies and jointly develop products with Ola, which is owned and operated by ANI Technologies.

The partnership between the two companies could also probably take the form of the deal between Didi Kuaidi and Lyft, which will allow users of one platform to access the  services of the other provider when traveling in each other's turf.

Uber did not immediately comment on the development.

Ola has previously consolidated its business by acquiring a smaller Indian rival TaxiForSure for $200 million. The company is also under investigation by the Competition Commission of India on charges from a rival that it spends more on rides, by providing incentives to riders and drivers, than it really earns on the trip.

The funding from Didi Kuaidi could help Ola in a cut-throat and competitive market where a number of companies are burning cash for market share.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Show Comments

Cool Tech

Crucial Ballistix Elite 32GB Kit (4 x 8GB) DDR4-3000 UDIMM

Learn more >

Gadgets & Things

Lexar® Professional 1000x microSDHC™/microSDXC™ UHS-II cards

Learn more >

Family Friendly

Lexar® JumpDrive® S57 USB 3.0 flash drive 

Learn more >

Stocking Stuffer

Plox Star Wars Death Star Levitating Bluetooth Speaker

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?