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Ola Cabs has decided to shut down its overseas ride-hailing business in the UK, Australia and New Zealand to pursue expansion in India.

The company had been losing market share in Australia and New Zealand, in particular, to its bigger rival, Uber, an Ola employee told YourStory, requesting anonymity.

The Ola app in Auckland will stop accepting ride bookings from April 12 ie Friday onwards, according to various sources in New Zealand. The app will be pulled from platforms after May 11, 2024.

“Our ride-hailing business is growing rapidly, and we remain profitable and segment leaders in India. The future of mobility is electric—not just in personal mobility, but also for the ride-hailing business and there is immense opportunity for expansion in India,” Ola’s official statement read.

“With this clear focus, we’ve reassessed our priorities and have decided to shut down our overseas ride-hailing business in its current form in the UK, Australia and New Zealand,” it added.

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