India’s Top Two Ride-Hail Companies Have Merged And Plan To Be In 200 Cities

Olacabs acquired competitor TaxiForSure, combining two vastly different business models. pharan Tanveer/pharan Tanveer   India’s top two ride-hail companies joined forces today: Olacabs, the largest taxi-hailing service, acquired TaxiForSure, the country’s second largest taxi-hailing company, for $200 million in a cash and equity deal, according to the company. India’s newly formed top ride-hail player has 1,015,000 drivers combined across more than 127 cities and, according to Olacabs CEO and co-founder Bhavish Aggarwal, plans to be in 200 cities by the end of the year. “The main focus is to expand…

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