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Ola Acquired TaxiForSure: Post-takeover Dilemma
Vikalpa Pub Date : 2020-05-10 , DOI: 10.1177/0256090920917052
T. Sai Vijay 1 , Sanjeev Prashar 2 , Vinita Sahay 3
Affiliation  

With nearly 250 million internet and 173 million smartphone users, the Indian online industry touched US$13.5 billion (INR 865 billion) in 2014 (Bhargava, 2015; Bose, 2015; Vardhan 2014). After the acquisition of online fashion store Myntra by Flipkart in May 2014, Ola created ripples in the Indian taxi industry on 2 March 2015. It acquired its competitor TaxiForSure (TFS) for US$200 million (INR 12.8 billion) (The Financial Express 2015). Toeing Flipkartís initial strategy of retaining Myntra, Ola declared that TaxiForSure would continue as a separate entity. In the words of Bhavish Aggarwal, CEO, Ola:

中文翻译:

Ola收购TaxiForSure:收购后的困境

印度在线产业拥有近2.5亿互联网和1.73亿智能手机用户,2014年的营业额达到135亿美元(8,650亿印度卢比)(Bhargava,2015; Bose,2015; Vardhan,2014)。在2014年5月Flipkart收购在线时装商店Myntra之后,Ola于2015年3月2日在印度出租车行业掀起了波澜。它以2亿美元(128亿印度卢比)的价格收购了竞争对手TaxiForSure(TFS)(《金融快报》 2015年) 。Ola注意到Flipkart保留Myntra的最初策略,因此宣布TaxiForSure将继续作为一个单独的实体。用Ola首席执行官Bhavish Aggarwal的话来说:
更新日期:2020-05-10
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