Ride-hailer Ola, has acquired Mumbai-based Ridlr, an end-to-end public transport ticketing and commuting app, according to a company statement.
The acquisition will complement Ola’s efforts to integrate its mobility platform with public transportation infrastructure. The integration of Ridlr will bring new opportunities for users to serve their mobility needs, according to the statement.
Ridlr’s team of 64 employees will join Ola. Ridlr is currently serving commuters in Mumbai and Delhi with partnerships with BEST, Delhi Metro, and Mumbai metro, along with pilots in several other cities. Brijraj Vaghani, founder of Ridlr will continue to head its operations.
Founded Establ in 2012, Ridlr enables users to search and book public transport options on their mobile phones. "Combining Ridlr’s innovations in mass transit with Ola’s mobility products will enable true multi-modal mobility solutions for users at scale. 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 challenge really is to make the entire ecosystem inclusive and robust for all," Bhavish Aggarwal, co-founder, and CEO of Ola said. "Ridlr, in a short span, has made huge strides in this space and this acquisition lends muscle to our efforts in making transportation a far more holistic service."
The technology-driven services of Ridlr and Ola were a "perfect synergistic fit," Brijaraj Vaghani, founder of Ridlr said.
