After Australia, Ola eyes the UK market after launching operations in Australia, homegrown cab-hailing platform Ola is now eyeing the UK market.

The Softbank-backed company announced its plans to enter the United Kingdom cab market, starting operations in South Wales within the next month. plans to expand its footprint across the country by end of .

“Ola is excited to announce its plans for the UK, one of the ’s most evolved transportation markets,” said Bhavish Aggarwal, chief executive of Ola. “The UK is a fantastic place to do business and we look forward to providing a responsible, compelling, new service.”

The company claims that this move makes Ola the only ride-hailing app in the UK that offers passengers the option of booking private hire vehicles (PHVs) and black cabs through one platform. They also plan to add additional transportation options on the platform in the future.

This comes on the back of Ola’s aggressive overseas expansion plans. The Bengaluru-headquartered company forayed into the Australian market in February, where it now operates in seven cities with over 40,000 registered drivers.

ET recently reported that Ola is inching closer to profitability as it started making money on each cab ride, after taking into account expenses such as driver incentives and customer discounts.

The company claims to conducts 1 billion rides each year globally, with more than 1 million driver partners and 125 million customers in over 1 cities.

Ola’s competitor Uber is already running operations in the UK market. However, according to a recent news report, a group of London black cab drivers are planning a legal action against Uber as they claim to have lost earnings since Uber started operations in London in 2012.



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