The partnership will enable the companies to jointly compete with US-based Uber that has a presence across 67 countries.
    
The new alliance will cover nearly all of Southeast Asia, India, China and the US, reaching nearly 50 percent of the world's population.

Joint partner products will start rolling out in the January-March 2016 quarter, it added.
    
US' Lyft and Chinese player Didi Kuaidi had inked a similar partnership in September.

Interestingly, Didi is an investor in Ola, Lyft and GrabTaxi.
    
Ola has a presence in 102 Indian cities, while Didi's platform provides 7 million rides per day across 360 Chinese cities.
        
Though the companies did not elaborate, the partnership may allow users to pay for rides in other countries using the app they use in the home country in the future.

 

Latest News  from Business News Desk