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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
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

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?