Updated: Ola Quietly Removes Ola Bike Icon From The App

Updated: Ola Quietly Removes Ola Bike Icon From The App

Update:

In a tweet, Ola said:

Before:

The bike taxi service launched by transportation aggregator, Ola, did not survive for even a week. The company has quietly withdrawn the bike taxi icon from the app and the service is no more available. The development was first reported by NDTV.

An email sent to Ola did not elicit any response.

Disrupting the bike-as-a-taxi service market in India, Ola & Uber launched bike taxi services last week. However, within a day, Ola and Uber faced law infringement notice from the Karnataka State Transport Department for violating the Motor Vehicles Act and continuing to operate without requisite permission.

After the launch, in a day, the Karnataka government had seized around 62 UberMOTO (two-wheeler taxis) for violating the Motor Vehicles Act.

In a formal announcement recently made on its blog, Ola announced the shutting down of Ola Cafe and Ola Store.

Ola Cafe was launched in March last year, while Ola Store was launched in July last year.

Ola seems to be following Flipkart’s path of focusing only on profitable venture and offloading liabilities. It was also reported that since Rajiv Bansal has joined Ola as chief financial officer, the company is readying itself for an IPO.


Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.


You have reached your limit of free stories
Unlock The Ultimate Startup Intelligence With Inc42 Plus

Join 10,000+ Startup Founders & Leaders And Gain The Ultimate Startup Edge

Prices Increases In
countdownmail.com
2 YEAR PLAN
₹19999
₹5999
₹249/Month
UNLOCK 70% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹3499
₹291/Month
UNLOCK 65% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Updated: Ola Quietly Removes Ola Bike Icon From The App-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Updated: Ola Quietly Removes Ola Bike Icon From The App-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Updated: Ola Quietly Removes Ola Bike Icon From The App-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Updated: Ola Quietly Removes Ola Bike Icon From The App-Inc42 Media
Updated: Ola Quietly Removes Ola Bike Icon From The App-Inc42 Media
You’re in Good company