Obey launches cab services in Lucknow
Obey Cabs has quickly gained its position as India’s second-largest taxi aggregator company under the start-up India scheme.
Lucknow: Obey Cabs on Saturday announced the launch of its services in the state capital. The company in a statement said that it has 35,000 cabs service to people in around eight cities. By 2022, the company has set up a target to provide its services to the entire country.
“The brand has already established its roots in the cities of Kolkata, Guwahati, Jorhat, Bulandshahr, Bilaspur, Korba, and Dhubri.
Today we launched it in the City of Nawabs. Obey Cabs is also gearing up to launch its services in five cities of Gujarat in November, including Ahmedabad, Gandhinagar, Rajkot, Surat, and Vadodara,” the company’s founder Sanjay Kumar said. Kumar said that the company was founded with the vision to provide taxi drivers better financial and income opportunities while minimizing surcharges for customers.
Uber said on Tuesday it was expecting adjusted EBITDA, a profitability metric it uses, to breakeven in the third quarter.
It forecast between a loss of £25 million and a profit of £25 million, compared with the prior forecast of a loss of £100 million.
“Ola Cars will begin with pre-owned and, over time, Ola will open it up for new vehicles from Ola Electric and other automotive brands as well…Starting with 30 cities, Ola Cars will soon scale up to over 100 cities by next year,” it said in a statement said on Thursday.
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