TaxiForSure had two months of runway before Ola's $200M acquisition
T. N. Hari · How did TaxiForSure get acquired for $200 million? | T. N. Hari, Advisor, Fundamentum · Jul 13, 2019 · at 11:32
T. N. Hari discusses TaxiForSure's precarious financial position leading up to its $200 million acquisition by rival Ola in 2015.
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“Sold the company for two hundred million dollars. We didn't have money to pay salaries two months down the road. And we would have shut shop if Ola had decided not to buy us, but there were some circumstances which forced Ola to buy Taxi for sure because otherwise Uber might have acquired Taxi for sure.”
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