Ola acquires TaxiForSure for $200 mn

Leading mobile application provider for personal transportation Ola (formerly Olacabs) on Monday announced it was buying out leading cab aggregator TaxiForSure for $200 million (Rs.1,238 crore) in a cash and equity deal.

"The deal will make us market leader in the personal transportation space with one lakh vehicles on our mobile platform and deepen our footprint with TaxiForSure operator," the Mumbai-based Ola said in a statement here.