With the app-based taxi service space heating up in India, speculations began earlier today that reliance Reliance is set to dip its toes into this space to take on Uber and Ola. This news has been doing the rounds on Twitter since morning, with various people citing Uber and Ola drivers as their source, who have been approached by the company’s executives to come aboard. However, Reliance has denied having any such plans. Also Read - Jio data plans: List of all Reliance Jio work from home plans offering extra dataAlso Read - Airtel 5G Mumbai trials show download speeds of 1.2Gbps, upload at 850Mbps
Reliance, the drivers claimed, were offering more incentives to them than Uber and Ola. The company was willing to give as much as Rs 500/ride to drivers, where Ola and Uber give much less in comparison. The company was also giving drivers an option to sign a four-year contract where Reliance will provide the car to the driver for free, Economic Times reports. Also Read - PS5 restock July 12, 2021: Price, sale details, how to pre-order PlayStation 5, PS5 Digital Edition
Here are some of the tweets indicating that Reliance was planning to launch its own cab service:
Ola driver tells me Reliance is starting an on-demand cab service soon and is busy poaching drivers for now. 4-year contracts get you a car.
Nikhil Jois (@suar4sure) July 7, 2015
Yeah @suar4sure Ola driver tells me the same thing, today morning
Neha lamba (@NehaLambaS) July 7, 2015
Reliance is launching ‘online cab aggregator’, my Uber driver says so! #Bangalore
Santosh Panda (@santoshpanda) July 5, 2015
Uber drivers know all about VC fundings and who is starting next. This dude tells, Reliance is soon launching Taxi services.
AT (@abhishek_tri) July 7, 2015
Nameet Potnis (@Nameet) July 7, 2015
Meanwhile, Uber and Ola are competing heavily in this cab service space in India. Just a few days ago, Uber announced that it would invest $50 million in Hyderabad to set up its own facility in India, the largest outside its headquarters in the US. The company also expanded its services recently to seven more Indian cities, and claims that the ‘growth in India is unprecedented’. Ola cabs is considered as one of the fastest growing companies in India, with Ratan Tata even picking up stake in the five-year-old startup. The company acquired rival TaxiForSure for $200 million, and even launched a 20-minute food home delivery service called Ola Cafe recently.