Mar 29, 2015

Why TaxiForSure Knocked down UBER's bid?

Why TaxiForSure Knocked down UBER's bid?

Cab provider TAXIFORSURE has been acquired by OLA CABS the cab aggregator and public transportation startup. The deal was closed for $200 million but there was a revelation post merger from the Co-founder of TaxiForSure.

Why Taxiforsure REJECTED Uber's offer?
Realized around 90 per cent of its employees would be laid off.
Uber did not need the local technology and market analytics teams
Uber decided not to use TaxiforSure's call center.

Why Taxiforsure ACCEPTED Ola's offer?
Ola promised not to fire Taxiforsure's people.
Every single member of the product development team should get a two-month bonus.
Brand to continue.


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