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Ola, an Indian Uber rival backed by SoftBank, prepares London launch

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Ola cab drivers talk with each other as they wait for passengers by a roadside in Amritsar.

NARINDER NANU | AFP | Getty Images

Indian ride-sharing firm Ola says it has started registering drivers in London as it prepares to launch in the U.K. capital.

The company, which is backed by Uber investor SoftBank, said it would look to launch its services in the city “in the coming weeks.” The announcement comes just a day after Uber was stripped of its London license by the local transport regulator.

A source, who preferred to remain anonymous due to the information not yet being public, told CNBC that Ola may look to soft launch in London next month, with a full roll out due in mid-January…



Source cnbc.com

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