People remember TaxiForSure as the cheap alternative to Ola and Uber until it acquired by Ola in March 2015. While acquisition, Ola promised that TaxiForSure would maintain as an independent company. But whatever the reason people forgot the company gradually, fixed with Ola and Uber.
Today released a statement stating that the company is shutting down TaxiForSure. At present hundreds of employees are working for TaxiForSure, Ola also mentioned that around 700 employees are laying off on to save salaries. Ola is paying Rs. 30 crores in the form of salaries for these employees, It wants to avoid the financial burden on poor performing platform.
Here is the complete statement released by Ola.
The TaxiForSure (TFS) value proposition as an economy brand for customers, has been seamlessly integrated onto the Ola platform with the launch and rapid adoption of Ola Micro. TFS has contributed immensely towards Ola Micro’s success within a short span of time. Ola Micro has expanded to over 90 cities across India and accounts for the largest share of first time cab users coming onto any mobility platform. This has helped us achieve our objective of building an economy mobility offering for millions of users across the country. As part of this integration over the last 18 months, we have achieved immense operational efficiencies, that have resulted in an improved experience for customers and driver-partners alike. In the course of the integration, we have absorbed as many TFS employees for open roles in Ola to support our growth. For positions that cease to exist as a result of this transition, we are offering enhanced severance benefits and outplacement services to help affected employees pursue new career opportunities.