As widely expected, China's biggest taxi-app business Didi Kuaidi has invested in Ola, India's biggest taxi-app business.
Details are, as usual, thin on the ground. Ola has issued the following statement:
“We welcome Didi Kuaidi as an investor in Ola. We look forward to exchange learnings from two of the world’s largest markets and the tremendous synergies this partnership can bring, towards our commitment of building mobility for a billions of Indians."
Whether or not Ola joins the Lyft-Didi global rideshare alliance remains to be seen, but it is certainly a bigger possibility now that Didi has a stake in Ola and the pair are planning to "exchange learnings."
Meanwhile, Uber continues to ensure that its profile in India remains high - over the weekend its CEO Travis Kalanick met with the India's prime minister, Shri Narendra Modi, to talk about urban mobility in India.
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