Ola spreads wings in Australia to build profit base, take on Uber in India

The company has launched its service in Sydney, its second market in Australia in under a month

Homegrown ride-hailing major Ola has launched its operations in Sydney, its second market in Australia, as it looks to tap more developed markets to build a profit base to take on rival Uber at home.

Ola had kicked off its service in Perth last month after signing up over 7,000 drivers on its platform there. The company is now looking to expand into more cities in the country which is said to have among the most open regulations for ride-hailing services globally.

As part of its launch in Sydney, Ola said that it has hired a local team which will