Cab aggregator Ola on 3rd April announced the acquisition of end-to-end public transport ticketing and commuting app, Ridlr. Ola said the integration of Ridlr will bring new opportunities for users to serve their mobility needs, and that the acquisition complements Ola’s continued efforts to integrate its mobility platform with public transportation infrastructure.
This is the second major acquisition by the homegrown cab hailing company after buying Foodpanda for approximately $40-50 million in December 2017.
Ridlr enables users to search and book public transport options on their mobile phones. The platform’s proprietary Internet of Things (IoT) devices are claimed to bring digital capabilities to public transportation in India.
Combining Ridlr’s innovations in mass transit with Ola’s mobility products will enable true multi-modal mobility solutions for users at scale, Ola added. With this acquisition, Ola will bring new technology and mobility options as it works to expand into and partner with cities in India and abroad, the company said.
“Public transportation serves millions of Indians every day, and powering these needs with real-time information, mobile ticketing, cashless payments, and reliable services is bound to impact their end experience. The challenge really is to make the entire ecosystem inclusive and robust for all,” said Bhavish Aggarwal, co-founder and CEO of Ola.
“Ridlr, in a short span has made huge strides in this space, and this latest acquisition lends muscle to our efforts in making transportation a far more holistic service. I am delighted to welcome the Ridlr team on board and join our mission of building mobility for a billion people,” he added.