Uber’s India rival Ola could add public transport services following latest acquisition

The rumors are true, India’s Uberrival/potential-future-M&A-buddy Ola has acquired transportation startup Ridlr in an undisclosed deal.
Mint reported the imminent transaction last week, describing it as a fire sale, and today Olaconfirmed the deal. The terms are undisclosed so you can make of that what you will.
Update: A source with knowledge of the acquisition told TechCrunch the transaction is an all-stock worth close to $50 million which is certainly a higher figure than most had a